This Multifamily Property is no longer advertised on LoopNet.com.

106 Garden City Dr
Syracuse, NY 13211
106 Garden City Drive · Multifamily Property For Sale · 4 Units

Property Facts

No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 2,300 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1940/2003
Zoning 02 - SINGL

About 106 GARDEN CITY DR , SYRACUSE, NY 13211

Cash flow is the name of the game! The rents on this property are grossly under market rate. All units are separate metered for electricity and gas. Front building roof age is 3 years old. Middle Cottage is unknown. Back building roof is 9 months old. This property currently performs at a 7.42% leaving out no expenses at all. When rents are at market rate, property will perform at 9.48% cap rate and 15.04% Cash-On-Cash return. Contact listing agent for financials and lease contracts. Property is 100% occupied. All tenants are on month-month leases. Turn key property.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 1 $842.50 -
2+1 2 $722.50 -
1+1 1 $695.00 -

Property Taxes

Property Taxes

Parcel Number
314889-053-000-0004-021-000-0000
Land Assessment
$11,800
Improvements Assessment
$156,500
Total Assessment
$168,300
  • Listing ID: 18629766

  • Date on Market: 2/24/2020

  • Last Updated:

  • Address: 106 Garden City Dr, Syracuse, NY 13211

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