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    501 Rowland Street

    Syracuse, NY 13204
    • $229,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: S1331110
    UPDATED: 23 min ago
    $229,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,616
      SQFT
    • $41
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    School District:

    Description

    Having trouble looking for a multi-unit that you can write a check for that has the upside of being able to raise rents, stabilize, and refinance? This property offers just that opportunity! There are a total of 5 units: 2x(1bed/1bath) 2x(2bed/1bath) 1x(3bed/1bath) 100% occupied, with a current GI of $30,000, but with the potential to have a GI of $46,800. All tenants are verbal, month-to-month leases. A local management has agreed to manage the property for 6%. 4 of the 5 units have been renovated with new flooring, paint, updated kitchens, and bathrooms. Other capital improvements include a new roof (complete tear-off in 2019), new siding (2019), new garage roof and doors (2019), updated electrical panel boxes (2016), refurbished boiler (2011), and roughly 60% of the windows have been replaced. Will also be delivered with a transferrable Certificate of Compliance at closing!! Delayed showings and negotiations until 4/25. Income & Expense, Pro-forma, and other property information attached to the listing. SELLER FINANCING AVAILABLE. Video tour link: https://youtu.be/m19PBk3r5J4

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    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor WEICHERT, REALTORS® - Thousand Islands Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-05-17T21:14:41.087.
    www.nnywaterfronthomes.com/homes/116303023
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    501 Rowland Street Syracuse, NY 13204

    • Price: $229,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: S1331110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    5,616
    SQFT
    $41
    $/SQFT
    1940
    Built
    Neighborhood:
    West Side
    County:
    Onondaga
    Area:
    Syracuse City-311500
    School District:
    Syracuse
    Property Description
    Having trouble looking for a multi-unit that you can write a check for that has the upside of being able to raise rents, stabilize, and refinance? This property offers just that opportunity! There are a total of 5 units: 2x(1bed/1bath) 2x(2bed/1bath) 1x(3bed/1bath) 100% occupied, with a current GI of $30,000, but with the potential to have a GI of $46,800. All tenants are verbal, month-to-month leases. A local management has agreed to manage the property for 6%. 4 of the 5 units have been renovated with new flooring, paint, updated kitchens, and bathrooms. Other capital improvements include a new roof (complete tear-off in 2019), new siding (2019), new garage roof and doors (2019), updated electrical panel boxes (2016), refurbished boiler (2011), and roughly 60% of the windows have been replaced. Will also be delivered with a transferrable Certificate of Compliance at closing!! Delayed showings and negotiations until 4/25. Income & Expense, Pro-forma, and other property information attached to the listing. SELLER FINANCING AVAILABLE. Video tour link: https://youtu.be/m19PBk3r5J4
    Exterior Features

    Construction Materials Vinyl Siding Exterior Features Concrete Driveway Lot Features Corner LotNear Public TransitResidential Lot Parking Features Two Spaces Road Frontage Type City Street Roof Shingle Waterfront YN No

    Interior Features

    Appliances Electric OvenElectric RangeElectric Water HeaterGas Water HeaterRefrigerator Basement Exterior EntryFullWalk-Up Access Fireplace YN No Fireplaces Total 0 Flooring CarpetHardwoodLaminateVariesVinyl Heating GasHot WaterSteam Heating YN Yes Levels Two

    Property Features

    Gross Income 30000 Listing Terms CashOtherSee Remarks Possession Close Of Escrow Property Sub Type Other Rent Includes HeatWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 5357 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic

    Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Samira Jaber of Cnyam Realty.
    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor WEICHERT, REALTORS® - Thousand Islands Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-05-17T21:14:41.087.
     
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    WEICHERT, REALTORS® - Thousand Islands Realty
    306 James Street
    Clayton NY, 13624