6 Beds
7,488 SqFt
6 Beds
7,488 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,488 sqft
Price per Sqft $44
Subdivision Kirk
MLS Listing ID S1670019
Bedrooms 6
Construction Status Existing
HOA Y/N No
Year Built 1965
Annual Tax Amount $4,237
Lot Size 9,239 Sqft
Acres 0.2121
Lot Dimensions 66X140
Property Description
This 7,500 sq ft, 6-unit property features six 2-bedroom, 1-bath apartments and has already seen significant capital improvements, including updated electrical and plumbing systems. The heavy lifting has been done. What remains is the interior build-out and final finishes, including interior completion, giving the next owner the ability to step in and drive the final phase of the project.
Each unit offers a strong 2-bedroom layout in a market with consistent rental demand. Utilities are separately metered, including water, helping to control operating expenses. Laundry hookups are already in place, creating additional income potential.
Projected six-figure gross rental income annually at stabilization. This is a project with a defined scope and a clear path to value for an investor willing to execute.
Location
State NY
County Onondaga
Community Kirk
Area Syracuse City-311500
Direction From Salina St. turn onto Kirk Ave. heading west. Property will be on the right past Landon Ave. From South Ave or Midland Ave. turn onto Kirk Ave. heading east. Property will be on the left past Midland Ave.
Rooms
Basement Full
Interior
Heating Other, See Remarks, Baseboard
Flooring Other, See Remarks
Fireplace No
Appliance Electric Water Heater, See Remarks, Water Heater
Exterior
Exterior Feature Blacktop Driveway
Community Features None
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-084-000-0001-023-000-0000
Acceptable Financing Cash, Rehab Financing
Listing Terms Cash, Rehab Financing
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1670019
Nearby Locations
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19 Mccracken Drive, Oswego, New York, 13126, USA