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Syracuse 13205 Southside
3401 S Salina Street
$100,000
Multifamily - In Contract

3401 S Salina Street

Syracuse, NY 13205
bedrooms
6 Beds
bathrooms
2 Baths
$726
Estimated Monthly
$0
HOA / Fees
100.04%
Cap Rate

About This Property

This property seems like a lucrative investment opportunity with its potential for high rental income. The fact that the owner has already made necessary repairs and painted the interior adds to its appeal. With two 3-bedroom apartments fetching an estimated rent of $1300 each, the gross annual income of $31,200 is promising.

For prospective buyers, the option of obtaining a mortgage with a 25% down payment of $21,250 makes it accessible, and the potential to recoup the down payment within the first year due to the high rental income is quite attractive.

Additionally, the property's amenities such as off-street parking, proximity to shopping areas, small backyard reducing maintenance, and its location near Route 81 entrance and only 2 miles from Syracuse University make it appealing for tenants, potentially ensuring consistent occupancy.

Buyers are encouraged to consult with their agent or loan officer to assess the financial feasibility of this investment and to consider the potential for long-term returns. Overall, it appears to be a promising opportunity in the real estate market.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$234
HOA Dues
-
Year Built
1931

Listed By

George Congel
Century 21 Tucci Realty
Last updated: 2 months ago (NYSAMLS #S1523904)

Price History

Date / Event Date Event Price
Mar 16, 2024 In contract -
In contract
Mar 13, 2024 Listed by Century 21 Tucci Realty $100,000
Listed by Century 21 Tucci Realty
Nov 22, 2022 Sold to Dave A Paris $50,000
Sold to Dave A Paris

Property Highlights

Garage
Fireplace
Parking Details
Has Garage
Parking Features: Garage, Gravel, Twoor More Spaces
Garage Spaces: 2
Interior Details

Bedroom Information

Bedrooms: 6

Bathroom Information

Full Bathrooms: 2

Interior Information

Appliances: Gas Water Heater
Flooring Type: Hardwood, Varies

Fireplace Information

Has Fireplace
Fireplaces: 2

Basement Information

Has Basement
Full

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
2 Baths
-
$80,000 Oct 1, 2023
$80,000 Mar 14, 2024
$239/mo
Multifamily
4 Beds
2 Baths
-
$102,400 Oct 31, 2023
$102,400 Dec 27, 2023
$225/mo
Multifamily
Stu
-
-
$85,500 Sep 29, 2022
$85,500 Feb 8, 2023
$204/mo
House
3 Beds
2 Baths
-
$116,000 Apr 18, 2023
$116,000 Jul 10, 2023
$140/mo
House
4 Beds
2 Baths
-
$88,700 Jul 21, 2023
$88,700 Sep 28, 2023
$157/mo
House
4 Beds
2 Baths
-
$125,000 Mar 29, 2023
$125,000 Jun 23, 2023
$183/mo
Multifamily
6 Beds
2 Baths
-
$80,000 Sep 11, 2023
-
$221/mo
Multifamily
4 Beds
2 Baths
-
$110,000 Jan 31, 2024
-
$185/mo
Multifamily
4 Beds
2 Baths
-
$119,900 Oct 23, 2023
-
$121/mo
House
3 Beds
1 Bath
-
$99,900 Mar 11, 2024
-
$170/mo
In Contract
House
3 Beds
1 Bath
-
$89,900 Nov 27, 2023
-
$228/mo
House
3 Beds
2 Baths
-
$119,000 Feb 23, 2024
-
$169/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

3401 South Salina Street 3401 South Salina Street, Syracuse, NY 13205
  • 1 Unit for Sale
More about this Building
3401 South Salina Street
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