$260,000
$475,000
45.3%For more information regarding the value of a property, please contact us for a free consultation.
9,746 SqFt
SOLD DATE : 06/22/2022
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,746 sqft
Price per Sqft $26
MLS Listing ID S1322124
Sold Date 06/22/22
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $10,723
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 89X60
Property Sub-Type Commercial
Property Description
Well located 8 unit, mixed-use building in the Village of Manlius. Three ground level retail spaces & Five apartments make up the building configuration. 8/8 units occupied with all residential tenants on Month to Month rental agreements. Middle retail tenant signed a one year lease term as of July 1, 2021. Corner retail tenants are long term on month to month agreements. Rents are historically low. TLC Needed in common areas. Any residential turnover should have a substantial rental increase. 4 / 5 Residential Units renovated within past 10 years. The retail spaces are in great condition for their business use with separate utilities. Most residential tenants pay their own utilities, see private comments. Roof is 6 years old (complete tear off service). Current Gross Income is $49,200 for the past 12 months.
Location
State NY
County Onondaga
Area Manlius-Village-313803
Direction East Seneca Street in the Village of Manlius
Rooms
Basement Exterior Entry, Full, Walk-Up Access
Interior
Heating Gas, Forced Air
Cooling Wall Unit(s)
Flooring Carpet, Hardwood, Laminate, Resilient, Tile, Varies, Vinyl
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature See Remarks
Garage Spaces 1.0
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage Yes
Building
Lot Description Corner Lot, Near Public Transit
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Stone,Vinyl Siding
Construction Status Existing
Schools
School District Fayetteville-Manlius
Others
Senior Community No
Tax ID 313803-025-000-0007-009-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with University Hill Realty Ltd