529 Park Avenue Unit 31
Syracuse, NY 13204
- 5 beds
- 3 baths
- 2,912 sqft
- 6,464 sqft lot
- $75 per sqft
- 1890 build
- – on site
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Investors check out this turnkey 3 unit cash flow machine!! 529 Park consists of two 1 bed, 1 bath units ($650, $750) on the first floor and one 3 bed, 1 bath unit ($1450) on the second floor. Total monthly gross rent of $2,800. Month to month leases. Historically great cash flow and easy to manage. Longer term tenants in the 1 bed units (5 yrs & 2 yrs) these could be increased to market rate. Owner has a new tenant coming into the 3 bedroom for $1450 on 7/15. Month to month lease. Last tenant was there 10 years! A major remodel was completed in 2013 with all new kitchens, bathrooms, HVAC, water tanks, electrical, plumbing, vinyl windows. Original features also remain with pocket doors, decorative fireplaces, natural woodwork. Additional improvements include new tear off roof in 2010, blown in insulation, maintenance free vinyl siding, aluminum wrapped windows, paved driveway w/ parking for 6+ cars. Property being sold with updated certificate of compliance. 21% cash on cash returns. Snag this $$$ maker for your portfolio!
Listing courtesy of NYSAMLS / Acropolis Realty Group LLC
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Last updated Dec 25, 2023
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MLS# S1482342 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/15/23
Sep 15, 2023
|
Sold | NYSAMLS | $220,000 |