$285,000
$299,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6,366 SqFt
SOLD DATE : 06/17/2025
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,366 sqft
Price per Sqft $44
MLS Listing ID S1589939
Sold Date 06/17/25
Bedrooms 4
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $5,678
Lot Size 3,267 Sqft
Acres 0.075
Lot Dimensions 33X99
Property Sub-Type Commercial
Property Description
Prime Investment Opportunity – 5-Unit Mixed-Use Property
This well-maintained 5-unit mixed-use building presents an excellent investment opportunity with strong rental income and upside potential. The property consists of four occupied residential units and one vacant commercial storefront, offering a diverse income stream.
Key Features:
• Strong Cash Flow – Currently grossing $5,332 per month, with the potential to reach the mid-$6,000s once the commercial space is leased.
• Reliable Tenancy – A majority of the residential rent is subsidized, ensuring consistent and secure rental payments.
• Separate Utilities – Individually metered gas and electric, minimizing landlord expenses.
• Opportunity for Growth – The vacant storefront provides the chance to add value with a new tenant
This property is perfect for investors seeking stable income with room to increase returns. Don't miss out on this versatile and income-generating asset!
Location
State NY
County Onondaga
Area Syracuse City-311500
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard, Forced Air
Flooring Hardwood, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater, See Remarks
Exterior
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Other,See Remarks
Garage No
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-008-000-0011-004-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Acropolis Realty Group LLC