One person’s loss is another person’s treasure! This 2,608 sq. ft. two-family home near Tipp Hill in Syracuse offers incredible potential. A fire on New Year’s Eve 2023 was contained to a small section of the upstairs kitchen ceiling, originating from old knob-and-tube wiring, which has since been disconnected. The furnaces will be turned back on within the week. The downstairs unit is a beautifully finished 3-bedroom with stunning cabinetry, while the upstairs 2-bedroom unit has some sheetrock and cosmetic damage. Both units feature laundry hookups. The massive finished attic presents an opportunity for additional living space. Outside, enjoy a fully fenced yard with an above-ground pool and a large two-car garage. Rental comps suggest $1,500–$1,600 per unit, and a recent quote estimates $40K–$50K to restore the home completely. A fantastic opportunity for investors or owner-occupants looking to build equity!
