1817 Burnet AveSyracuse, NY 13206

For Sale
$775,000

6-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional Class A, 6-unit apartment building in Syracuse, NY, presents a compelling investment opportunity. Located at 1817 Burnet Ave, this stabilized property boasts a 9.65% cap rate and a strong net operating income (NOI) of $74,823. The 4,731 square foot building, constructed in 1955 and extensively renovated in 2020, sits on a 0.2-acre lot and offers 11 parking spaces. The building comprises six units: two one-bedroom and four two-bedroom apartments, all currently at 100% occupancy. Each unit features updated eat-in kitchens with cherry cabinets and full-size appliances, including dishwashers

Highlights

  • Turnkey, six-unit apartment building in Eastwood, Syracuse.
  • Two one-bedroom and four two-bedroom units, recently renovated.
  • Five-minute drive to Syracuse University, Upstate Medical, Le Moyne College, and Downtown Syracuse.
  • Features include updated kitchens with cherry cabinets and stainless steel appliances, updated bathrooms, hardwood floors, and balconies.
  • Offers ample off-street parking and a secure building.
  • All utilities, internet, laundry, and A/C included in rent.

Property Details for 1817 Burnet Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
4,731 SF
Class
A
Year Built/Renovated
1955/2020
Buildings
1
Stories
3
Lot Size (sq. ft)
8,712 SF
Units
6

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0574095
Longitude
-76.1109548
1817 Burnet Ave, Syracuse, New York

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1817 Burnet Ave
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