508 W Brighton AVE Active Save Request In-Person Tour Request Virtual Tour
Syracuse,NY 13205
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,088 sqft
Price per Sqft $257
MLS Listing ID S1608313
Bedrooms 38
Construction Status Existing
HOA Y/N No
Year Built 1945
Annual Tax Amount $35,620
Lot Size 2.477 Acres
Acres 2.4773
Lot Dimensions 327X330
Property Sub-Type Other
Property Description
Welcome to Brighton Place Townhouses — an exceptional investment opportunity to
acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath
townhome-style units. Each unit includes both front and rear entrances, a spacious
living room with hardwood floors, and a full kitchen on the main level. Upstairs, you'll
find two bedrooms and a full bathroom.
Every unit also includes a private basement along with individual furnaces, water
heaters, and separate gas and electric meters. Tenants are responsible for their own
utilities, with the exception of water and sewer. The property offers ample parking for all
residents, plus 14 garage bays.
The complex benefits from stable occupancy, and over two-thirds of the rental income is
guaranteed through subsidies. Significant upside exists in raising rents, and a
fresh Certificate of Compliance has just been issued.
Offered at $2.85M, this investment delivers a strong 10% cap rate.
Location
State NY
County Onondaga
Area Syracuse City-311500
Rooms
Basement Full
Interior
Heating Gas,Forced Air
Flooring Hardwood,Varies
Fireplace No
Appliance Gas Cooktop,Gas Water Heater,Refrigerator
Exterior
Exterior Feature Gravel Driveway
Utilities Available Sewer Connected,Water Connected
Roof Type Asphalt
Building
Lot Description Rectangular,Rectangular Lot,Residential Lot
Story 2
Sewer Connected
Water Connected,Public
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-078-000-0011-010-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1608313