705 OAK ST
SYRACUSE, NY 13203
$219,900
6 Beds
4 Baths
4,254 Sq Ft
Status Active Under Contract
MLS# S1533912
Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
Details for 705 OAK ST
Built in 1930
$52 / Sq Ft
0 parking spaces
Gas, Forced Air
29 Days on website
0.169 acres lot
Area Information for 705 OAK ST
