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509 Delaware St
Syracuse, NY 13204
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Fully rented two-family property generating immediate income with separate utilities for each unit.
- Features two updated kitchens and modernized bathrooms for tenant comfort and long-term value.
- Equipped with new hot water heaters, reducing future maintenance costs for the owner.
- Recently remodeled throughout, including new vinyl siding for enhanced curb appeal and durability.
- New flooring installed across both units, creating a fresh and low-maintenance living environment.
- Delivers an impressive 14% cash-on-cash return, making it a compelling investment opportunity.
Executive Summary
Great investment property with 2-family fully rented and separate utilities. House has been totally remodeled with new vinyl siding, 2 updated kitchens, bathrooms, new floorings & new hot water heaters. 14% cash on cash return, this one is a winner! Photos have been virtually staged.
Property Facts
| Price Per Unit | $94,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 15.93% | Building Size | 2,141 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 06 - 06 - INDUS | ||
| Price Per Unit | $94,500 |
| Sale Type | Investment |
| Cap Rate | 15.93% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,141 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | 06 - 06 - INDUS |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Tub/Shower
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 4 | - | - |
Property Taxes
| Parcel Number | 311500-092-000-0005-018-000-0000 | Improvements Assessment | $25,000 |
| Land Assessment | $4,000 | Total Assessment | $29,000 |
Property Taxes
Parcel Number
311500-092-000-0005-018-000-0000
Land Assessment
$4,000
Improvements Assessment
$25,000
Total Assessment
$29,000
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