514 Walnut Ave - Apartments FOR SALE


Syracuse, NY 13210- Eastside
$2,320,000 USD
315-415-8613
514 Walnut Ave, Syracuse, NY for Sale
$2,320,000 USD
Apartments - FOR SALE
1/9
null | 7.7% Cap Rate

514 Walnut Ave
Syracuse, NY 13210
Eastside


HIGHLIGHTS

  • Outstanding location walking to Syracuse University
  • Updated building and apartments. Good natural light
  • Turn-key with upside in the rents. Perfect 1031 or regular investment.

OVERVIEW

Extremely well located 12 unit fully renovated apartment building steps to the Syracuse University Campus. 8 one bedroom apartments and 4 two bedroom apartments. This can be bought separately or together with up to another 4 other buildings with an additional 34 apartments with 4 storefronts all walking distance to Syracuse University. These apartments all have updated kitchens, bathrooms, floors, windows and much more. Many apartments have high ceilings and washer/dryer in-unit, internet to each apartment and balconies. Tear off roof in 2012 with 30 year architectural shingles, 2025 building on-demand hot water system, new common area flooring and carpeting and laundry facilities (for the 3 apartments that do not have in-unit laundry). Turn-key investment and rents can be raised with no capital investment. Same owner for 20 years. Confidentiality agreement attached for financials

FOR SALE DETAILS

PRICE

$2,320,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

12

PRICE/UNIT

$193,333

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

514 Walnut Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,942 SF

ZONING

006

APN/PARCEL ID

311500-048-000-0011-008-000-0000

ASK ABOUT THIS PROPERTY

Andy DevorsetzUpstate Management of NY LLCMore Info
315-415-8613

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Andy DevorsetzUpstate Management of NY LLCMore Info
315-415-8613

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