900 N Alvord St - Apartments FOR SALE


Syracuse, NY 13208- Northside
$499,900 USD
315-491-7297
900 N Alvord St, Syracuse, NY for Sale
$499,900 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

900 N Alvord St
Syracuse, NY 13208
Northside


OVERVIEW

Excellent opportunity to acquire an 11-unit multifamily property located at the corner of Danforth St & N Alvord St. This income-producing asset consists entirely of one-bedroom units and currently generates close to $100,000 annually in gross rental income with opportunity for much more. The owner has made significant improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. All 9 renovated units are currently occupied, providing immediate cash flow while still offering additional upside potential for investors looking to further increase value and maximize returns. There is excellent opportunity to increase monthly income by bringing all 11 units to market rent, renting the garage and driveway spaces separately, and reducing operating expenses. The building is equipped with 24/7 video surveillance cameras. A property caretaker/security manager lives on site and is an added benefit for landlords. The property is currently operating with higher-than-average management and maintenance expenses that could potentially be reduced significantly by a more hands-on owner or operator. Whether you are looking to expand your portfolio or step into a stabilized multifamily investment with additional value-add potential, this property presents an attractive opportunity with strong existing income and future upside. Financials, rent roll, and additional property information available upon request.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$63 USD /SF

# OF UNITS

11

PRICE/UNIT

$45,445

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

004

APN/PARCEL ID

311500-007-000-0012-016-000-0000

ASK ABOUT THIS PROPERTY

Steven ReedHunt Commercial Real EstateMore Info
315-491-7297

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

Steven ReedHunt Commercial Real EstateMore Info
315-491-7297

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