This is a 12 unit multi-family property with almost 7,400 sf of living space located on a 80′ x 100′ lot in the Northside neighborhood of Syracuse! The property has been completely remodeled including a brand new master boiler system, exterior patios, some new windows, doors and exterior siding. The property is fully occupied with zero delinquency and is being sold at a 10.5% cap rate. All units are on individual leases backed by Catholic Charities through the Refugee Resettlement Program for guaranteed rental income. Even if a unit is vacant, Catholic Charities will still pay rent on it producing rent 100% of the time with zero delinquency or vacancy. This is a very easy property for the Property Manager to manage so they would like to stay on in the event that the new owner is in need of a great property manager. Each unit has their own electric meter and pays their own electric. Property is on master boiler, Landlord pays for water/sewer and heat.
Taxes – $15,458
Price – $699,990
Call Adolfi R.E. Today! (315) 695-6434
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