116 E Heman Street, East Syracuse, NY 13057 (MLS # S1584232)
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Rare opportunity to purchase an apartment building with OWNER FINANCING - seller is asking for 30% down, 7% interest, 30-year amortization, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes one 2-bedroom and five 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow potential. Other features include a parking lot with space for 6 vehicles plus a 6-car garage which is rented for additional income.
| DAYS ON MARKET | 2 | LAST UPDATED | 1/13/2025 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | East Syracuse-Village-312601 |
| GARAGE SPACES | 1.0 | COUNTY | Onondaga |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | East Syracuse-Minoa |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Free-Standing Range, Gas Water Heater, Oven, Refrigerator |
|---|---|
| AREA | East Syracuse-Village-312601 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Composite Siding, Copper Plumbing |
| EXTERIOR | Blacktop Driveway |
| GARAGE | Yes |
| HEAT | Baseboard, Gas, Hot Water |
| INTERIOR | Natural Woodwork |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Corner Lot, Rectangular, Residential Lot |
| LOT DIMENSIONS | 60x145 |
| PARKING | One Space,Driveway,Garage |
| SEWER | Connected |
| STORIES | 3 |
| TAXES | 7500 |
| UTILITIES | Cable Available,High Speed Internet Available,Sewer Connected,Water Connected, Electric - Circuit Breakers |
| WATER | Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by: Christopher Newman, Acropolis Realty Group LLC
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