Contract

705 Oak Street
Syracuse, NY 13203

$219,900
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Property Description

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!

Details

Utilities: Sewer Connected, Water Connected
Appliances: Gas Water Heater
Flooring: Hardwood, Varies
Basement: Full
Heating: Gas, Forced Air
Architectural Style: Fourplex
Construction Materials: Shake Siding
Lot Dimensions: 80 X92
Lot Size: 0.169
Sewer: Connected
Water: Connected, Public
Parking: Gravel