705 Oak Street Syracuse, NY 13203
Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
- Property TypeMulti-Family
- NeighborhoodSyracuse
- CountyOnondaga
- Taxes$3,348
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive Under Contract
- MLS ID NumberS1533912
- Home Size Source Public Records
- Year Built1930
- Lot Size0.169 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Style Fourplex
- Construction Shake Siding
- Parking Gravel
- Basement Full
- Number of Stories 222
- Acreage 0.169
- Water Public
- Cross Street Oak
- Property Sub Type Multi Family
- Garage Spaces 0
- Utilities Sewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Heating GasForced Air
- Appliances Gas Water Heater
- Flooring HardwoodVaries
- Fireplaces 0
- Fireplace No
Exterior Features
- Waterfront Property No
- Road Frontage City Street
Community Features
- Township Not Applicable
- MLS Area Syracuse City-311500