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    1006 Wolf St Syracuse, NY 13208

    For Sale
    $115,000

    Mixed-use property with expansion and income potential in Syracuse, NY.

    Lot size:
    0.09 Acres

    Property Features for 1006 Wolf St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1940

    Source: Howard Hanna Real Estate Agent Thomas K Elleman Jr

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

    Overview

    Mixed-Use Property with Expansion Potential

    This mixed-use property is undergoing expansion of the rear apartment, with the new space to be rented for $1200 per month plus utilities. The front apartment is expected to rent for $800 per month, and an additional studio apartment is currently rented for $700 per month, with utilities included in the rent. The rear part of the building is a warehouse storage area with an overhead door entrance and a man-door. This space is partially finished and, with a variance, may possibly be used as a third apartment or office. The garage has many potential uses, including storage. The building was formerly a cabinet making business with the front area for retail use, and could also be easily used for a small office area. The flat roof over the rear of the building is less than one year old.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1576967
    Latitude
    43.0796135

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with expansion and income potential in Syracuse, NY.
    Where is this mixed-use property located?
    The property is located at 1006 Wolf St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Potential for significant rental income increase with planned apartment expansion and market-rate rents (projected $6000 total).; - New flat roof over the rear of the building (less than one year old).; - Existing rental income from front apartment ($800/month) and studio apartment ($700/month).
    (315) 682-9500
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    1006 Wolf St Syracuse, NY 13208
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    Syracuse, NY 13208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1006 Wolf St Syracuse, NY 13208
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