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304 Court & Alvord Street N, Syracuse, NY 13208

$4,250,000
: 30
BD
: 25,212
SqFt

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List Price: $4,250,000
Status: ACTIVE
Days on Market: 47
Price Change: ▼ $580,000 1791885838
MLS#: S1712632
Subtype: Multi Family
Year Built: 1965
Bedrooms: 30
Living Area: 25,212
Lot Size: 17,306
Acres: 0.40
MLS Area Major: Syracuse City

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Property Description

RARE 58-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY! Positioned at 304 Court Street & N Alvord Street in a convenient location within walking distance to major amenities, this substantial apartment complex offers investors immediate scale and multiple income-producing opportunities under one ownership. The property features an impressive unit mix of 42 studio-style one-room efficiencies, 4 one-bedroom apartments, 10 two-bedroom apartments and 2 three-bedroom units. Units are equipped with full-size refrigerators and electric stoves. Rent includes heat, hot water and electric, providing a straightforward rental structure for tenants. The complex is serviced by 3 boiler systems and 1 hot water tank. Owner-operated coin laundry on premises provides an additional revenue stream, while on-site management is available to assist with the day-to-day operation of this sizable investment. With 58 TOTAL APARTMENTS, diversified unit sizes, additional laundry income and a highly convenient location, this is an exceptional opportunity to acquire a significant multifamily asset and add substantial unit count to an existing portfolio. Whether expanding your current holdings or seeking a large-scale income-producing property, 304 Court Street & N Alvord Street deserves your attention. GREAT OPPORTUNITY AWAITS!

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Additional Information

Exterior Features: Blacktop Driveway
Taxes: $66,448
Flooring: Carpet, Luxury Vinyl, Varies
Appliances: Exhaust Fan, Electric Water Heater, Gas Water Heater, Refrigerator, Range Hood
Heating: Electric, Gas, Zoned, Baseboard
Air Conditioning: Zoned
Stories: 3
Roof: Asphalt
Parking Features: No Garage
School District: Syracuse