Скачать или смотреть 113 Pond St - Mixed Use $160,000

111-113 Pond St
Syracuse, NY 13208
$160,000
Mixed Use - 3 Residential Apartments and 1 Storefront

Investors, roll up your sleeves! This brick mixed-use property on the Northside is a great opportunity to build “sweat equity” in a solid building that is already cashflowing. The storefront was renovated in 2018 and is rented to a barber shop for $850/mo on a long-term lease until 2028. Apartment 2 is a 1-bedroom unit with updated kitchen, bathroom, and hardwood floors rented for $650/mo. Apartment 3 needs some minor TLC and is being left vacant; it features 2 spacious bedrooms, hardwood floors throughout, and newer appliances. Apartment 4 has been framed in for a 2-bedroom floorplan but has yet to be completed – the current owner has obtained a permit from the city for construction and most building material is already onsite. The property is situated on a large double-wide lot with a partially fenced-in side yard which can be utilized for additional parking. This is also a great candidate for an FHA 203k renovation loan – finance your rehab costs while living in one apartment for free and collecting rent!

Chris Newman is an Associate Real Estate Broker with Acropolis Realty Group, specializing in the sale of multifamily investment property. Subscribe to this channel and be the first to learn about new listings and market updates. Contact Chris at 315-308-1402 with all inquiries.