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437 Columbus Ave
Syracuse, NY 13210
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 9,963 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2000 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,963 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1957/2000 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
- Public Transportation
ABOUT 437 COLUMBUS AVE , SYRACUSE, NY 13210
Well maintained 12 unit with upside potential. This property has four long term tenants, while others are at 1 - 3 years of current occupancy. Proforma numbers show a gross of $120k / year. PLEASE NOTE; The advertised sellers expenses are Not the sellers actual expenses. This seller self manages, rents the units, maintains the building, etc. This shows as $0 to the ledger. On the expense side, I added back typical expenses consistent to this asset type on the P&L statement. (Approximately $22k) Yes, the building may currently net about $82k after Taxes, Insurance & Water expenses. However, I am advertising the sale / numbers as if a new owner is operating with a manager, showing a typical vacancy loss, allocating about $11k in maintenance per year.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $600.00 | - |
| 2+1 | 8 | $900.00 | - |
PROPERTY TAXES
| Parcel Number | 311500-047-000-0007-021-000-0000 | Improvements Assessment | $496,700 |
| Land Assessment | $23,300 | Total Assessment | $520,000 |
PROPERTY TAXES
