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.
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
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