High-Yield Cash Flowing Syracuse Package 3 Multifamily Properties Offered at $499,000 in Syracuse, NY

The prices we are selling this package at is a starting point, not a limit. Bring your best offer and terms. We value certainty of a close, over squeezing every dollar. These are solid, cash flowing assets. We respect speed and win/win deals that make sense for everyone involved. If it works for you, make an offer and we’ll respond with a yes, no, or counter.
High-Yield Cash Flowing Syracuse Property Portfolio Government Backed Income | Newly Renovated | 14%+ Returns | 7-Year Payoff
Offering a rare opportunity to acquire a performing, high yield property portfolio in Syracuse, NY.
All properties are located within a 5-10 minute radius, creating an efficient, easily managed cluster ideal for both local and out of state investors.
This portfolio delivers double digit annual returns supported by government guaranteed rental programs, including Section 8, Department of Social Services (DSS), and the New York State CHANCE Program. These programs deposit rent directly to the owner, providing dependable, low-volatility income without collection risk.
A true mailbox money asset.
Investment Highlights:
Strong Cash Flow: Government backed rent checks deposited automatically, no chasing tenants.
High Yield: Double digit returns with consistent monthly income.
7 Year Payoff: At current amortization, the portfolio pays itself off in approximately seven years.
Equity Growth: The Syracuse market has averaged ~8% annual appreciation. Combined with ~14% principal paydown, investors benefit from an estimated 22% annual equity expansion.
Turnkey Operations: All accounting and rent management is simplified due to direct government payments.
Property Management Available: We can refer experienced local PMs who are already familiar with these assets.
Property Condition:
Most units have been newly renovated, including:
Fresh interior paint
Updated flooring throughout
New or updated siding on exterior
Recently replaced appliances
Completed repairs and modernization upgrades
These improvements reduce maintenance obligations and increase rental stability—allowing owners to collect passive income with minimal operational involvement.
Ideal Buyer Profile:
1031 exchange investors seeking a strong replacement asset
Buyers looking for high-yield, recession-resistant cash flow
Investors seeking tax-advantaged real estate opportunities
Out-of-state or absentee landlords seeking turnkey, guaranteed rent
Funds or private groups adding government-backed housing to their portfolio
Pricing & Terms
Cash offers preferred for speed and certainty
Financing welcome
Fast-close buyers may receive price consideration
Submit Offers & Inquiries
Total Package $499,000 (All 5 Units)

Individual Property Pricing (If Purchased Separately)
509–511 Delaware St, Syracuse, NY 13204
Purchase Price: $199,000
NOI: $26,952

306 Shuart St, Syracuse, NY 13203
Purchase Price: $229,000
NOI: $28,797

205 Danforth St, Syracuse, NY 13208
Purchase Price: $119,000
NOI: $15,146