705 Oak Street, Syracuse, NY 13203 (MLS # S1533912)
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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!
| DAYS ON MARKET | 10 | LAST UPDATED | 4/25/2024 |
|---|---|---|---|
| TRACT | Syracuse | YEAR BUILT | 1930 |
| COMMUNITY | Syracuse City-311500 | COUNTY | Onondaga |
| STATUS | Conditional | PROPERTY TYPE(S) | Single Family |
| School District | Syracuse |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Syracuse City-311500 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Shake Siding |
| HEAT | Forced Air, Gas |
| LOT | 7362 sq ft |
| LOT DESCRIPTION | Residential Lot |
| LOT DIMENSIONS | 80x92 |
| PARKING | Gravel |
| SEWER | Connected |
| STORIES | 2 |
| STYLE | Fourplex |
| SUBDIVISION | Syracuse |
| TAXES | 3348 |
| UTILITIES | Sewer Connected,Water Connected, |
| WATER | Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Dante Belmonte, Hunt Real Estate ERA
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