136 Lakeview Avenue
Syracuse, NY 13204

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