High-Yield Cash Flowing Syracuse Package Multi-Family FOR SALE


Syracuse, NY - Westside
$499,000 USD
845-654-5327
, Syracuse, NY for Sale
$499,000 USD
Multi-Family - FOR SALE
1/11
null | 14.8% Cap Rate

High-Yield Cash Flowing Syracuse Package
Syracuse, NY
Westside


OVERVIEW

The prices we are selling this package at is a starting point, not a limit. Bring your best offer and terms. We value certainty of a close, over squeezing every dollar. These are solid, cash flowing assets. We respect speed and win/win deals that make sense for everyone involved. If it works for you, make an offer and we’ll respond with a yes, no, or counter. High-Yield Cash Flowing Syracuse Property Portfolio Government Backed Income | Newly Renovated | 14%+ Returns | 7-Year Payoff Offering a rare opportunity to acquire a performing, high yield property portfolio in Syracuse, NY. All properties are located within a 5-10 minute radius, creating an efficient, easily managed cluster ideal for both local and out of state investors. This portfolio delivers double digit annual returns supported by government guaranteed rental programs, including Section 8, Department of Social Services (DSS), and the New York State CHANCE Program. These programs deposit rent directly to the owner, providing dependable, low-volatility income without collection risk. A true mailbox money asset. Investment Highlights: Strong Cash Flow: Government backed rent checks deposited automatically, no chasing tenants. High Yield: Double digit returns with consistent monthly income. 7 Year Payoff: At current amortization, the portfolio pays itself off in approximately seven years. Equity Growth: The Syracuse market has averaged ~8% annual appreciation. Combined with ~14% principal paydown, investors benefit from an estimated 22% annual equity expansion. Turnkey Operations: All accounting and rent management is simplified due to direct government payments. Property Management Available: We can refer experienced local PMs who are already familiar with these assets. Property Condition: Most units have been newly renovated, including: Fresh interior paint Updated flooring throughout New or updated siding on exterior Recently replaced appliances Completed repairs and modernization upgrades These improvements reduce maintenance obligations and increase rental stability—allowing owners to collect passive income with minimal operational involvement. Ideal Buyer Profile: 1031 exchange investors seeking a strong replacement asset Buyers looking for high-yield, recession-resistant cash flow Investors seeking tax-advantaged real estate opportunities Out-of-state or absentee landlords seeking turnkey, guaranteed rent Funds or private groups adding government-backed housing to their portfolio Pricing & Terms Cash offers preferred for speed and certainty Financing welcome Fast-close buyers may receive price consideration Submit Offers & Inquiries Total Package $499,000 (All 5 Units) Individual Property Pricing (If Purchased Separately) 509–511 Delaware St, Syracuse, NY 13204 Purchase Price: $199,000 NOI: $26,952 306 Shuart St, Syracuse, NY 13203 Purchase Price: $229,000 NOI: $28,797 205 Danforth St, Syracuse, NY 13208 Purchase Price: $119,000 NOI: $15,146

ASK ABOUT THIS PROPERTY

Richard PurdyPurdyMore Info
845-654-5327

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

Richard PurdyPurdyMore Info
845-654-5327

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