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416 Shonnard St 3 Unit Apartment Building $250,000 ($83,333/Unit) 12.50% Cap Rate Syracuse, NY 13204
Executive Summary
Stabilized 3 unit multifamily property renting for 1650 per unit.
This asset is well-suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth.
Ideal for buy-and-hold investors, 1031 exchange buyers, or operators looking for a strong cash-flowing asset in an affordable Northeast market.
This asset is well-suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth.
Ideal for buy-and-hold investors, 1031 exchange buyers, or operators looking for a strong cash-flowing asset in an affordable Northeast market.
Property Facts
| Price | $250,000 | Building Class | C |
| Price Per Unit | $83,333 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,450 SF |
| Cap Rate | 12.50% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | 03 - 03 - MULTI | ||
| Price | $250,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,450 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | 03 - 03 - MULTI |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 311500-097-000-0004-068-000-0000 | Improvements Assessment | $33,900 |
| Land Assessment | $2,100 | Total Assessment | $36,000 |
Property Taxes
Parcel Number
311500-097-000-0004-068-000-0000
Land Assessment
$2,100
Improvements Assessment
$33,900
Total Assessment
$36,000
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416 Shonnard St
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