1312 Butternut St - Apartments FOR SALE


Syracuse, NY 13208- Northside
$3,645,000 USD
607-857-3864
1312 Butternut St, Syracuse, NY for Sale
$3,645,000 USD
Apartments - FOR SALE
1/41
null | 7.35% Cap Rate

1312 Butternut St
Syracuse, NY 13208
Northside


HIGHLIGHTS

  • Actual NOI $267,865
  • Many units updated and refreshed
  • Excellent occupancy
  • Convenient central location
  • Potential remaining for rent increase

OVERVIEW

Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings with 48 units benefit from strong rental demand, easy access to public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright and airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increase need for workforce housing with this well-established and reliable complex.

FOR SALE DETAILS

PRICE

$3,645,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

48

PRICE/UNIT

$75,938

CAP RATE

7.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

002

APN/PARCEL ID

311500-010-000-0017-009-000-0000

ASK ABOUT THIS PROPERTY

Stephanie JacobsonYaman CommercialMore Info
607-857-3864

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

Stephanie JacobsonYaman CommercialMore Info
607-857-3864

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