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615 W Onondaga St
Syracuse, NY 13204
Multifamily Property For Sale
·
41 Units
PROPERTY FACTS
| No. Units | 41 | Building Size | 11,949 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 0.42 AC | ||
| Zoning | Apartment | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 11,949 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | Apartment |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Security System
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Tub/Shower
- Office
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
ABOUT 615 W ONONDAGA ST , SYRACUSE, NY 13204
Trinity Park Apartments is located on the Southwest side of downtown Syracuse. This well maintained building is turn key, well managed and ready for the next owner. Property consists of one three story building, 41 total apartments, plus office, 11,949 total square feet and currently 93% occupied. 41 studio apartments and one, one bedroom (office) are in turn key condition. Each unit comes equipped with minimal furnishings and includes all utilities for each unit. Furnishings include bed, kitchenette style cabinetry and refrigerator. All units have full bathroom and tub, laminate flooring, lighting, windows, bathroom door and sprinkler. Some units have a hot plate, and a larger kitchenette than others. Units with kitchenettes produce higher income than units without the kitchenette. Liberty Resources has a long rental history in place. Liberty holds 11, one year leases (one is a holdover). Every Liberty Resource unit has a sink and/or kitchenette. Most remaining units have only refrigerators and bed sets. Liberty Resource leases have varying lease expirations in 2017 & 2018. Upon any renewal, the rent will increase from $545 / month to $626 / month due to approved HUD increase guidelines. Property has one gas meter, one water meter, one boiler, two connected natural gas hot water tanks, and a circuit breaker box with sub panels throughout on one meter. Roof is 10 years old w/ warranty. 50% of the units have upgraded bathroom vanities and toilets. 100% low flow shower heads. Laminate flooring and commercial carpet throughout building. Security Cameras throughout. Coin-Op laundry, leased on a 50% profit share agreement. Utilities are verified with National Grid. Property is up to code. Sellers will transfer ownership with a new Certificate of Compliance from the city of Syracuse.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 41 | - | 300 |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 311500-093-000-0003-013-000-0000 | Improvements Assessment | $357,200 |
| Land Assessment | $22,800 | Total Assessment | $380,000 |
PROPERTY TAXES
