This mixed-use property at 139 N. Geddes Street offers a compelling investment opportunity in a high-traffic Syracuse location. The building features seven fully occupied apartments on month-to-month leases and two ground-floor storefronts currently vacant, providing immediate upside potential. With a current monthly rental income of $5,750 and the ability to increase revenue by leasing the commercial spaces, this asset is well-positioned for strong cash flow and long-term appreciation.
Located minutes from Downtown Syracuse and the Tipperary Hill neighborhood, the property benefits from excellent visibility and accessibility. Separate utilities for each unit simplify management, while the building’s configuration supports both residential stability and commercial viability. Investors can capitalize on the property’s existing income stream while implementing value-add strategies through storefront leasing and potential renovations.