Great North Syracuse HUD investment

ams_371308601_163_20080612_11.jpgSOLD-This HUD home located at 208 Sunnybrook Drive in North Syracuse, N.Y. is a very good investment for the owner occupant or an investor looking for a rental house. Not a good “flipper” due to small profit margins. This house is small, small bedrooms overall its 1192 square feet. It needs a new roof and an exterior paint job, interior remodeling and a furnace.   So figure $20,000-$30,000 to whip this distressed property into shape.Now for some insiders tips:  this home is by far the worst on the street, where according to Zillow.com ,the range of neighboring home values is $89k-$152k.  The tax assessed value of this home is $92k which means the yearly property taxes are $3700 (w/o star exemption) If you buy this I’ll show you how to lower the taxes immediately. This home sold in 2002 for $65,000 and in my estimation it’s worth $75k+ give or take depending how its fixed.  Asking price was $60,000, new price is $54,000.  Investors can bid on this property and all bidders will need a realtor.  It’s first come first served.   Call John Adolfi 315-952-2671.  or e-mail me at [email protected].  Out of state purchasers are welcome.