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Off market
  • $184,500

    110 E East Ave, East Syracuse, NY 13057

    --beds
    0baths
    2,064sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $184,500 Zestimate®
    $89/sqft
    $1,558 Estimated rent

    What's special

    Fully occupied. Both tenants are month-month on a written lease. First floor is $899/month and the second floor is $850/month. 2nd Floor tenant has been there for 5 years and are clean. 1st Floor could be $925/month and 2nd Floor could be $950/month. Main Roof is in great shape with only one layer and has a ridge vent and is in great condition. Good size bedrooms. Driveway is newer with plenty of parking. In the process of installing 2 new tubs and installing a solar electric system for the common area electric. Based on 2019 numbers this is a walk in Cap Rate of 8% at 119,900 which includes mgmt. fess. Both tenants are paying. Both Boilers are only 8 years old. Washer and Dryers hook ups in each unit. Property was just issued a rental registry certificate and is good for 2 years. This is truly a turn key investment property. Delayed Showings Friday 10/9/2020 at 12noon and delayed neg. until 10/11/2020 at 12noon. Open House from 3pm - 6pm on Friday (10/9/2020). Agent will be there to answer any questions during the whole open house. Buyers with buyers agent will be given time slots for individual showings. Please take all COVID-19 safety measures.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Gas
    Appliances
    • Laundry: Laundry- Separate Hook ups- Some
    Features
    • Sump Pump, Storage, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
    • Flooring: Carpet, Linoleum / Vinyl
    • Basement: Full
    • Attic: Crawl Space
    Interior area
    • Total interior livable area: 2,064 sqft

    Property

    Features
    • Exterior features: Vinyl
    • Frontage length: 55
    Lot
    • Size: 6,764 sqft
    • Features: Rectangular Lot, Neighborhood Street
    Details
    • Special conditions: Standard
    • Other equipment: DC Well Pump

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Existing
    • Year built: 1900

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: East Syracuse

    Other

    Other facts
    • Sewer: Public Sewer
    • Flooring: Carpet, Vinyl
    • GarageYN: true
    • HeatingYN: true
    • Heating: Natural Gas, Hot Water
    • Basement: Full
    • ConstructionMaterials: Vinyl Siding
    • NumberOfUnitsInCommunity: 2
    • FrontageLength: 55
    • OperatingExpenseIncludes: Water/Sewer, Utilities, Accounting, Maintenance, Professional Management, Supplies, Advertising, Trash, Snow Removal, Workmans Compensation, Maintenance Structure
    • SpecialListingConditions: Standard
    • FoundationDetails: Stone
    • RentIncludes: Water, Gardener, Snow Removal, Trash Collection, No Utilities
    • OpenParkingYN: true
    • LeaseAmount: 0
    • StructureType: Multi Family
    • InteriorFeatures: Sump Pump, Storage, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
    • Gas: Gas
    • YearBuiltDetails: Existing
    • LotFeatures: Rectangular Lot, Neighborhood Street
    • Attic: Crawl Space
    • NumberOfSeparateElectricMeters: 2
    • NumberOfSeparateGasMeters: 2
    • LaundryFeatures: Laundry- Separate Hook ups- Some
    • PropertyCondition: Existing
    • OtherEquipment: DC Well Pump
    • CoveredSpaces: 0.0000
    • MlsStatus: U-Under Contract
    • NetOperatingIncome: 9582
    • TaxAnnualAmount: 4458
    • GrossIncome: 20180
    • OperatingExpense: 10598
    Services availability