1516 Valley DrSyracuse, NY 13207

For Sale
$117,500

Three-unit building, strong rental income.

Overview

Added:
Feb 11
Days on market:
34
This exceptional investment opportunity presents a charming, one-story, three-unit building situated on a 0.1-acre lot in Syracuse, NY. Built in 1935, the property, located at 1516 & 1522 Valley Dr (APN: 311500-070-000-0015-010-000-0000), is currently generating a monthly rental income of $1,450. The property consists of a storefront and apartment units, offering a blend of retail and multifamily uses under permitted zoning 010. The building features three units in total. This property is being sold as-is, with all faults. The seller reserves the right to set an offer deadline. A minimum 48-hour notice is required for showings due to tenant occupancy. Conveniently located near various stores, restaurants, and shops, this property offers easy access to downtown Syracuse's amenities and boasts ample off-street parking. While currently rented, this property presents a compelling cash-flow opportunity for investors. This property may be sold as a package with the adjacent property at 1516 Valley Dr, but it is not required. The asking price for this property is $117,500.

Highlights

  • $117,500 asking price.
  • Three-unit, mixed-use building (retail and multifamily).
  • 1935 construction, one-story building on a 0.1-acre lot.
  • Currently generating $1,450/month in rental income.
  • Located at 1516 & 1522 Valley Dr, Syracuse, NY 13207 (APN: 311500-070-000-0015-010-000-0000).

Property Details for 1516 Valley Dr

Property type
Other retail properties, Individual retail properties
Year Built
1935
Buildings
1
Stories
1
Lot Size (sq. ft)
4,356 SF
Units
3

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.002968
Longitude
-76.1534411
1516 Valley Dr, Syracuse, New York

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1516 Valley Dr
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