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116 E Heman St East Syracuse, NY 13057

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For Sale
$469,000

Six-unit apartment building with owner financing in East Syracuse.

Lot size:
0.20 Acres

Property Features for 116 E Heman St

General Information

Lot size
0.20 Acres

Building Details

Year built
1925

Source: Acropolis Realty Group LLC Agent Christopher Newman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Syracuse Apartment Building

This six-unit apartment building is located in the village of East Syracuse. The property features one 2-bedroom apartment and five 1-bedroom apartments. All units are separately metered and rented to long-term tenants. The property currently grosses close to $55,000 per year. A parking lot provides space for six vehicles, and a six-car garage is rented for additional income. The seller is offering owner financing with 20% down, 7% interest, and a balloon payment in 5 years. Rents are below market rate.
Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
East Syracuse
County
Onondaga
State
New York
Longitude
-76.069108
Latitude
43.066684

FAQs

What type of property is this?
Apartment building - Six-unit apartment building with owner financing in East Syracuse.
Where is this apartment building located?
The property is located at 116 E Heman St East Syracuse, NY.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: - Owner financing available (20% down, 7% interest, 5-year balloon).; - Significant cashflow potential due to below-market rents.; - Grosses close to $55,000 per year in current rents.
More about this property
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