Rare opportunity to acquire a fully vacant 5-unit apartment building in Syracuse. Previously operated under a master lease with Catholic Charities, the property is now being delivered vacant, allowing the next owner to renovate, lease at current market rents, and maximize returns from day one. With five separate gas and electric meters, a newer roof, updated mechanicals, low taxes, and a purchase price of less than $50,000 per unit, this is an excellent value-add investment for experienced investors or owner-operators looking to build long-term equity.
Description: Rare opportunity to acquire a fully vacant 5-unit apartment building in Syracuse. Previously operated under a master lease with Catholic Charities, the property is now being delivered vacant, allowing the next owner to renovate, lease at current market rents, and maximize returns from day one. With five separate gas and electric meters, a newer roof, updated mechanicals, low taxes, and a purchase price of less than $50, 000 per unit, this is an excellent value-add investment for experienced investors or owner-operators looking to build long-term equity.
Rent Includes: TrashCollection, Water
Road Frontage: CityStreet
Roof: Asphalt
StateOrProvince: NY
Stories: 2
Street Name: 1st North
Street Number: 809
Street Number Numeric: 809
Street Suffix: Street
Total Taxes: 6185
Assessed Value: 72860
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1940
YearBuiltDetails: Existing
Amenities and Features
Other Features
Basement Y/N 1
BlacktopDriveway
GasOven
GasRange
GasWaterHeater
Has Heating System
Patio
Refrigerator
Virtual Tour
Map
Courtesy Of : Hunt Real Estate ERA
315-699-3200
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