101 Waldorf PkwySyracuse, NY 13224

This stabilized, 15-unit apartment building in DeWitt, NY presents a compelling investment opportunity. Located on a quiet cul-de-sac, this three-story, Class B property offers convenient access to Syracuse University, Interstate 81, and public transportation. Built in 1975, the complex sits on a 27,443 sq ft lot and comprises three buildings. The property boasts a strong NOI of $136,189, resulting in a 7.17% cap rate, and is priced at $1,900,000 ($126,667 per unit). Residents enjoy ample on-site parking. The property benefits from its location within a highly desirable school district. Significant improvements are planned for 2024, including roof replacement and sidewalk/walkway upgrades, minimizing future maintenance expenses. This prime location, coupled with planned improvements and strong rental demand, makes this a lucrative investment opportunity with potential for long-term growth and high returns. The property's proximity to Syracuse University and easy access to major roadways further enhance its appeal. This well-maintained complex offers a blend of comfort and convenience, making it an attractive option for tenants and investors alike.