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257 Furman ST - Well-maintained, turnkey 15-unit in the city of Syracuse. All apartments are spacious 2-bedrooms, 1-bath with an average rental rate of $625/mo, heat and hot water included. Electric is separately metered, landlord pays gas. This property is priced at a true 10% cap rate, with upside potential (rents are below market). The clean, dry basement provides plenty of additional space for storage and workshop for the landlord, or can be used for laundry facilities for extra income. The property also includes an ample parking lot with more than enough space for each tenant.

Listing information

  • MLS® ID: S1166091
  • Status: Under Contract
  • New Construction: No
  • Lot Area: 0.36 Acres
  • Neighborhood: Brighton
  • Style: Other
  • Stories: 3
  • Foreclosure: No
  • Lot Size: 66x237
  • School District: Syracuse
  • Year Built: 1950
  • Parking Type Description: None 0 cars
  • Total Square Footage: 15,680 ($38.20 per sq. foot)
  • Estimated Annual Taxes: $12,245

Features

Additional Exterior Features Cable TV Available, Thermal Windows - Some
Additional Interior Features Circuit Breakers - Some, Copper Plumbing - Some
Amenities Included No Amenities
Basement Description Full, Partially Finished
Driveway Description Blacktop
Exterior Construction Concrete Block, Wood
Floor Description Laminate-Some, Tile-Some
Heating Fuel Description Gas
HVAC Type Hot Water, Multi-Zone
Income/Expense Information May Show Books
Kitchen Equip Appl Included In All Apartments, Oven/Range Electric-Some, Refrigerator
Lot Information Near Bus Line, Neighborhood Street
On Waterfront Y/N 0
Operating Expenses Include Electric, Exterior Maintenance, Gas/Oil, Insurance, Property Management, Refuse, Repairs/Maintenance, Snow Plow, Supplies, Utilities, Water / Sewer
Other Area NYSWIS Code - Syracuse City-311500, City Village Tax - 1723, First Mortgage Balance - 0, Garage Spaces per Apt - No Garage Spaces, Gross Annual Income - 111600, Listing Type - Exclusive Right To Sell, Lot Number - 4, Nearest Cross Street - S Salina St, Num Bedrooms 4th Floor - 0, Num Fireplaces Artificial - 0, Num Fireplaces Freestanding - 0, Num Fireplaces Gas - 0, Num Fireplaces Not Repto Code - 0, Num Fireplaces Other - 0, Num Fireplaces Pellet - 0, Num Fireplaces Total Calculated - 0, Num Fireplaces Woodburning - 0, Num Fireplaces Woodstoves - 0, Num Full Baths 4th Floor - 0, Num Half Baths 4th Floor - 0, Num of 1 Bedroom Apartment - 0, Num of 2 Bedroom Apartment - 15, Num of 3 Bedroom Apartment - 0, Num of Electric Meters - 16, Num of Gas Meters - 1, Num of Heating Units - 1, Num of Studio Apartments - 0, Parking Spaces per Apt - 2 Spaces, Property Type - 5 + Unit Apartments, School Tax - 3227, Second Bedrm Average Month Rent - 625, Second Mortgage Home Equity Bala - 0, Supplement Count - 1, Total Num of Apartments - 15, Town County Tax - 7295, Value Range Pricing Y/N - 0, Village - Not Applicable, Year Built Description - Existing
Rent Includes Grounds Maintenance, Heat, Hot Water, Refuse Removal, Snow Removal, Water
Roof Description Asphalt, Shingles
Separate Utilities Electricity
Sewer Description Sewer Connected
Type Other - See Remarks
Type of Sale Normal
Water Heater Fuel Gas
Water Resources Public Connected
Listing Courtesy of Acropolis Realty Group Llc