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705 Oak Street, Syracuse, NY 13203

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For Sale

$219,900

6 beds • 4 baths • 4,254 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • 1930
    Year built

  • $51.69
    Price per square foot

  • Full
    Basement

Explore this Property

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!
MLS# S1533912

Courtesy Of HUNT Real Estate ERA

(315) 682-7197

Property Features

  • Basement
    Full
  • Lot Size
    0.17 Acres
  • Style
    Other Style

Map and Directions

Directions to 705 Oak Street, Syracuse, NY 13203

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CENTURY 21 Leah's Signature

(315) 652-1165
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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