1339 Butternut St, Syracuse, NY 13208

Enormous potential awaits you in this rare 4-unit property. This property is PRICED TO SELL! Close to shopping, downtown, parks & bus lines, this conveniently located property contains 3 1BR /1BA apartments, 1 2BR /1BA apartment (each with separate gas/electric meters), off-street parking, 2-car garage and the following upgrades: new roof (2019), new furnace (2019, Apt#2); new hot water tank, toilet & 2 new windows (2016, Apt#3), new bathroom sink/toilet (2017, Apt#4); new bathroom tub surround including new shower valve, shower water supply lines and tub spout (2021, Apt.#4); fully remodeled bathroom, including plumbing (2017, Apt#1); new kitchen floor & 3 new windows (2019, Apt.#1); new gas stove (2020, Apt.#4); new refrigerators (2018, Apt.#3 & 2020, Apt.#1). Soffit/fascia was repaired in 2020 and aluminum siding was repaired in 2019. A Certificate of Compliance was issued in June 2019. Apt.#2 needs work, but even when factoring the cost of renovations this investment property still yields 10+% cap rate when fully occupied. Apts. #2 and 4 are vacant and will remain vacant for now for ease of showing. Tenant in Apt.#3 is scheduled to vacate July 31. Property will be sold "AS IS".