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We Offer Options INC

1042 East Fort Union Blvd, Suite 262
Midvale, UT 84047
 (801) 865-4167
Contact Us

We Offer Options INC

1042 East Fort Union Blvd, Suite 262
Midvale, UT 84047
 (801) 865-4167
Contact Us

1115 Park St, Syracuse, NY 13208

8 Bedrooms / 4 Baths / Multiple Family

Property Status: Available (Wholesale) |  For Sale: $160,000.00



Great Cash Flow Opportunity! Super cheap income property! Make $1,000+ a month net cash flow!


Property Details:
Property Style:
Four-Plex
Year Built:
1929
Finished Sq. Ft:
5,148
Garage:
4 Car Detached
Basement:
No Basement
Owner/Agent:
Wholesale

Great Cash Flow Opportunity!  Super cheap income property!  Make $1,000+ a month net cash flow!

1115 Park St. Syracuse, NY – 4 plex

(2) 2 bed/ 1 bath units and (2) 1 bed/1 bath units

5,148 sq ft

Built in 1929

.10 acre

4 garages

Taxes $2,030 per year

New furnaces, wiring and water heater.  Roof has been updated and is in good condition.  Two of the kitchens are 3 years old and 1 bathroom has been updated.  To get property in excellent condition and high rents need flooring, kitchen and bath updates.

Property is separately metered and owner only pays water.  It runs about $100 per month.

3 units are rented currently for $2,150 per month

Can get rents of $3,200+ per month with some minor updating!

 

Repair estimate - $20K -25K (can rent in as-is condition for $2,850+ per month)

 

Purchase price - $165,000

Terms – Cash/Hard or private money

No owner financing

 

COC Return – 30% without repairs; 24.9% with repairs! (Using conventional financing and paying 4.5% interest)

 

 

$5,000 non-refundable earnest money required to secure this deal.  We can offer a short due diligence period where your earnest money is refundable.



Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.