406 Park AVE Syracuse, NY 13204
Dawn Nowak
dawnsoldanother@kw.comUPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,655 sqft
Price per Sqft $64
Subdivision Smiley
MLS Listing ID S1697906
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $6,051
Lot Size 8,999 Sqft
Acres 0.2066
Lot Dimensions 90X100
Property Sub-Type Other
Property Description
This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one.
Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants.
Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.
Location
State NY
County Onondaga
Community Smiley
Area Syracuse City-311500
Direction Geddes Street to Park Ave Corner
Rooms
Basement Full, Walk-Out Access, Sump Pump
Interior
Interior Features Ceiling Fan(s)
Heating Other, See Remarks, Hot Water
Flooring Hardwood, Laminate, Varies
Fireplace No
Appliance Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Blacktop Driveway
Community Features None
Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Corner Lot, Rectangular, Rectangular Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Attic/Crawl Hatchway(s) Insulated,Block,Concrete,Copper Plumbing
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-106-000-0010-025-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1697906
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Dawn Nowak