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Price $1,399,000

416-22 Boston Street, Syracuse, New York 13206, Syracuse, New York 13206

  • Bedrooms : 10
  • Square Footage : 4,704 Sqft
  • Visits : 17 in 54 days
$1,399,000
Features
Heating System :
Gas, Forced Air
Basement :
Full
Appliances :
Electric Range, Refrigerator, Electric Oven, Gas Water Heater
Community Features :
Laundry Facilities, Storage Facilities
Parking Features :
One Space, No Garage, Driveway, Shared Driveway
Pool Expense : $0
Roof :
Asphalt, Shingle
Sewer :
Connected
Address Map
State :
NY
County :
Onondaga
City :
Syracuse
Zipcode :
13206
Street : 416-22 Boston Street, Syracuse, New York 13206
Floor Number : 0
Longitude : W77° 54' 33.8''
Latitude : N43° 3' 45.5''
MLS Addon
Office Name : Hunt Real Estate ERA
Association Fee : $0
Bathrooms Total : 0
Building Area : 4,704 Sqft
CableTv Expense : $0
Construction Materials :
Wood Siding
Electric Expense : $0
Exterior Features :
Blacktop Driveway
Flooring :
Varies, Vinyl
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash
Lot Features :
Rectangular, Residential Lot, Near Public Transit
LotSize Dimensions : 66X132
Maintenance Expense : $0
Parcel Number : 311500-026-000-0013-006-000-0000
Special Listing Conditions :
Standard
Stories Total : 3
Subdivision Name : Eastwood Heights
Utilities :
Cable Available, Sewer Connected, Water Connected, High Speed Internet Available
Virtual Tour : Click Here
Property Description

Incredible 10-unit investment opportunity with strong rental income and major recent updates! This well-maintained property features a 2-year-old roof, newer furnaces and hot water tanks, plus a new driveway and retaining wall completed within the past year. Most units have been updated. 9 out of 10 units are fully rented, generating solid monthly income. The one current vacancy is being fully renovated—projected gross income around $129,300 annually once fully occupied. There is additional upside with room to increase rents to current market rates over time. The property also features coin-operated laundry and tenant storage units for added income. With major improvements already completed and a projected cap rate over 5% when fully rented, this is a true plug-and-play investment for any portfolio. Don’t miss your chance to secure this high-performing asset!

Basic Details
Property Type : Multi Family
Listing Type : For Sale
Listing ID : S1594889
Price : $1,399,000
Bedrooms : 10
Square Footage : 4,704 Sqft
Year Built : 1955
Lot Area : 8,712 Sqft
Status : Active
Property Sub Type : Other
Agent info
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