Listing Courtesy of: Christopher Newman - Acropolis Realty Group LLC
315-396-0493
$199,900
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2851 Milton Ave Syracuse, NY 13209
Mixed Use
Residence
2
Beds
3
Baths
1,488
Sq. Ft.
0.13
Acre
Lot
Property Activity
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This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor rented for $900, tenants pay thei...r own utilities. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!), vinyl siding, and no basement.
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MLS#
S1564091
Property Type
Mixed Use
Bedrooms
2
Bathrooms
2 Full/1 Half
Year Built
1991
Square Feet
1,488
sq. ft
Lot Size
0.13
Sewer
Sewer Connected
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