1002 Butternut St - Apartments FOR SALE


Syracuse, NY 13208- Northside
$309,900 USD
315-385-7104
1002 Butternut St, Syracuse, NY for Sale
$309,900 USD
Apartments - FOR SALE
1/44
null | 11.69% Cap Rate

1002 Butternut St
Syracuse, NY 13208
Northside


OVERVIEW

Proudly owned, operated, and maintained by a local contractor for over 35 years, this 4-unit building has been meticulously cared for and extensively updated — with over $100,000 in improvements and remodeling within the past 3 years alone. Two units are currently vacant, allowing for easy showings and offering an ideal owner-occupant opportunity. Apartment 1 is a spacious 3-bedroom, 1-bath featuring a private front porch, large family room, and eat-in kitchen — rented by the same long-term tenant for over 30 years. Apartment 2 is a comfortable 1-bedroom, 1-bath with an open kitchen and living room — also occupied by a tenant of more than 20 years. Apartment 3 is fully remodeled with 3 bedrooms and 1 bath, showcasing a brand-new kitchen, bath, flooring, and appliances, plus a private balcony with composite decking and railings. Apartment 4 is a newly renovated 1-bedroom, 1-bath with a bright eat-in kitchen and living area. The property features vinyl siding, replacement windows, a new roof, and all separate utilities. Bonus: Because two apartments have long-term tenants, rents are currently below market, offering excellent upside potential for increased income. Easy to rent, easy to show — this is a true turn-key investment opportunity! *No leases — all tenants are month-to-month.*

FOR SALE DETAILS

PRICE

$309,900 USD

PRICE/SF

$127 USD /SF

# OF UNITS

4

PRICE/UNIT

$77,475

CAP RATE

11.69%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,576 SF

ZONING

-

APN/PARCEL ID

311500-015-000-0001-035-000-0000

ASK ABOUT THIS PROPERTY

Stephen SkinnerSkinner & Associates Realty, LLCMore Info
315-385-7104

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Stephen SkinnerSkinner & Associates Realty, LLCMore Info
315-385-7104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.