1000 Bellevue Avenue Syracuse, NY 13204

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Welcome to 1000 Bellevue, a meticulously maintained property offering an exceptional investment opportunity. This 18-unit has been thoughtfully managed and optimized for a seamless transition. Extensive work has been done to enhance the property's value and reduce maintenance costs. The pro forma outlines significant revenue growth opportunities. With 16 2-bed units currently renting at $1, 100, owner has converted 3 of them into 3 bed units, capturing market rents of $1, 380. This leaves the remaining 13 units for the new owner. This will increase rental income by $$4, 480 a month and $53, 760. Additionally, $21, 600 can be added from a basement storage area that can be built out for tenant use per $100 per unit. With a current NOI of $17900 and a pro forma NOI of $240, 000, the property offers solid returns. Various cap rate scenarios ranging from 8%-9% present attractive investment options to buy with existing equity already built in. Don't miss this opportunity to acquire a turnkey investment with significant upside.