406 Park Avenue, Syracuse, NY 13204
- $325,000
- 5
- BD
- 4,655
- SqFt
- List Price
- $325,000
- Status
- ACTIVE
- Days on Market
- 17
- Price Change
- ▼ $25,000 1785014390
- MLS#
- S1697906
- Subtype
- Multi Family
- Year Built
- 1940
- Bedrooms
- 5
- Living Area
- 4,655
- Lot Size
- 9,000
- Acres
- 0.21
- Subdivision
- Smiley
- Neighborhood
- Smiley
- MLS Area Major
- Syracuse City
Property Description
Investment Opportunity! 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.
Additional Information
- Interior Features
- Ceiling Fan(s)
- Exterior Features
- Blacktop Driveway
- Taxes
- $6,051
- Flooring
- Hardwood, Laminate, Varies
- Appliances
- Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
- Heating
- Other, See Remarks, Hot Water
- Stories
- 3
- Roof
- Asphalt
- Parking Features
- Three or more Spaces, No Garage
- School District
- Syracuse
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Listing courtesy of Brick and Linen LLC. Contact: