This Multifamily Property is Off-Market.

1200 Lemoyne Avenue
Syracuse, NY 13208 ·

42 Units · Multifamily For Sale

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Lemoyne Townhomes

Price N/A Property Sub-type Garden/Low-Rise
No. Units 42 Property Use Type Investment
Building Size 37,800 SF Cap Rate 8%
Property Type Multifamily Gross Rent Multiplier 6.48
Listing ID: 14511990 Date Created: 02/22/2006 Last Updated: 08/07/2006

Description

The Lemoyne Townhomes offers an investor the ability to purchase all 2 bedroom, 1 bathroom units, cash flow immediately, take advantage of unprecedented mortgage rates, and own a significantly renovated townhome community in a desirable rental community in Syracuse, NY.

Tenants pay 100% of the heating costs which are reflected in the operating statements.

Syracuse has been called "the crossroads of New
York State" because of its central location. In fact,
the state's two major interstate routes, the
east/west NY State Thruway and the north/south
Interstate 81 intersect Syracuse.
Syracuse, located in Onandaga County, is the
region's major metropolitan center. The MSA is a
3,400 square mile land area composed of four
counties: Cayuga, Madison, Onandaga, and
Oswego. Within the immediate Syracuse area,
there are six colleges and universities: 35 others
are within a 100 mile radius. Syracuse University
is world renowned and attracts students from all
50 states and 101 foreign countries. Its sprawling
campus is home to 15 prestigious schools and
colleges, including Maxwell Newhouse School of
Public Communications.

Highlights

  • Two bedroom one bathroom townhouse units
  • Significant renovations completed
  • Access to all major highways and employment centers
  • Minutes to Syracuse University

Research

1200 Lemoyne Avenue, Syracuse, NY 13208 (Onondaga County)

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