Listing Details
/src/Template/Element/listing/actions.ctp (line 87)
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PublicRemarks => 'With nearly $32,000 gross income and no rent collection hassles, this is the stabilized, high-cashflow 2-family property you’ve been looking for. No matter what metric you use: cash on cash return, cap rate, monthly cashflow, this property is a winning turnkey investment. Both units are rented to vetted sec. 8 tenants, rent is direct deposited on the 3rd of every month with the tenant share paid separately and promptly. The 1st floor apartment features 4 bedrooms and is leased for $1,356/mo and the 2nd floor has 3 bedrooms and is leased for $1,300/mo, gas and electricity are separately metered and are the tenants’ responsibility. This high cashflow/high income addition to your portfolio can be combined with 710 E Laurel St for over $56,000 annual rent, or further combined with 325 Liberty St for over $128,000 in income per year! Opportunities like this sell quick so do not hesitate, further details and analysis available upon request.'
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Listing Details
| Agent | Christopher Newman |
|---|---|
| Phone | 315-396-0493 |
| Tax Assessment | $50,000.00 |
| Est. Annual Taxes | $2,616.00 |
| Water Source | Connected,Public |
| Sewer | Connected |
| Days on market | 6 |
| Cummulative Days on market | 6 |
| Type | Multi Family Residential |
| Number of Units | 2 |
| Elementary School | Syracuse |
| Middle School | Syracuse |
| High School | Syracuse |
| Major Change | Closed |
| Last Modified | Aug 16, 2024, 2:31 PM |
| Date Closed | Aug 14, 2024, 12:00 AM |
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Acquisition:
Income
Expenses
Financing
Results
Cash Investment
Income
Expenses
Net Operating Income
Loan Service
Cash Flow
Cap Rate
Cash-On-Cash
Property Description
With nearly $32,000 gross income and no rent collection hassles, this is the stabilized, high-cashflow 2-family property you’ve been looking for. No matter what metric you use: cash on cash return, cap rate, monthly cashflow, this property is a winning turnkey investment. Both units are rented to vetted sec. 8 tenants, rent is direct deposited on the 3rd of every month with the tenant share paid separately and promptly. The 1st floor apartment features 4 bedrooms and is leased for $1,356/mo and the 2nd floor has 3 bedrooms and is leased for $1,300/mo, gas and electricity are separately metered and are the tenants’ responsibility. This high cashflow/high income addition to your portfolio can be combined with 710 E Laurel St for over $56,000 annual rent, or further combined with 325 Liberty St for over $128,000 in income per year! Opportunities like this sell quick so do not hesitate, further details and analysis available upon request.
Details
Utilities:
Sewer Connected, Water Connected
Appliances:
Gas Water Heater
Flooring:
Carpet, Hardwood, Varies, Vinyl
Basement:
Full
Heating:
Gas, Forced Air
Architectural Style:
Duplex
Construction Materials:
Aluminum Siding, Steel Siding, Copper Plumbing
Foundation:
Stone
Lot Dimensions:
33 X132
Lot Size:
0.1
Roof:
Asphalt, Shingle
Sewer:
Connected
Water:
Connected, Public
Parking:
Paved, One Space
Agnieszka Bajan
585 519-2139 agnieszka.bajan@gmail.com
If you'd like more information, please let me know how to contact you: