Christopher Newman
This listing was posted on RealtyWW.
$129,900
Home For Sale In Syracuse, New York
Price:
$129,900
BR/BA:
4 BR, 2 BA
Location:
710 E Laurel St, Syracuse, NY
Description:
With nearly $25, 000/year gross income and no rent collection hassles, this is the stabilized, high-cashflow property youve been looking for. No matter what metric you use: cash on cash, cap rate, monthly cashflow, this property is a winning turnkey investment. The 1st floor is leased for $1, 049/mo and the 2nd floor is leased for $1, 000/mo to a long-term tenant. Gas and electricity are separately metered and are the tenants responsibility. Both units are rented to vetted sec. 8 tenants, rent is direct deposited on the 3rd of every month with the tenant share paid separately and promptly. With a historic shortage of apartment housing in Syracuse, these units are in high demand. Tenants love the spacious 2 bedroom, 1100+ sf apartments and the convenient Northside location close to bus lines, downtown, Little Italy, and St. Joes Hospital. This has been a profitable investment for the current owner for many years, but the owner is now retiring, offering a great opportunity to add a high cashflow/low risk property to your portfolio. Can be combined with 136 Lakeview Ave for over $56, 000 annual rent, or further combined with 325 Liberty St for over $128, 000 in income per year!For more details: https://realtyww.info/homes_syracuse-d527364/for-sale_i72097086
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More About this Listing: Home For Sale In Syracuse, New York
Home For Sale In Syracuse, New York is a Four Bedroom Two Bath Single-Family Homes for Sale at 710 E Laurel St in Syracuse NY. Find other listings like Home For Sale In Syracuse, New York and listings near 710 E Laurel St by searching Oodle Classifieds for Four Bedroom Two Bath Single-Family Homes for Sale in Syracuse NY.
Home For Sale In Syracuse, New York is a Four Bedroom Two Bath Single-Family Homes for Sale at 710 E Laurel St in Syracuse NY. Find other listings like Home For Sale In Syracuse, New York and listings near 710 E Laurel St by searching Oodle Classifieds for Four Bedroom Two Bath Single-Family Homes for Sale in Syracuse NY.