416 Bear St Syracuse, NY 13208

Building Details

Year Built

1880

Listing Agency Berkshire Hathaway HomeServices CNY Realty s***@bhhscnyrealty.com Show Phone

Listed by Stacey DiLauro · License #30DI0890999 Show Phone

Source Elliman

Added: Apr 13 Updated: Jul 10 at 12:26 pm Checked: Jul 19 at 6:28 am

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Investment Insights

Based on property information with market context.

This multifamily property is located close to downtown, shopping, all services, and schools. Tenants are on month-to-month leases. The owner has completed many renovations, including a new roof. The upper flat is completely renovated with new appliances, paint, and bathroom fixtures, including a new toilet, shower, and flooring. The first-floor flat has some upgrades, including a fixture, exhaust fan, and kitchen faucet. Utilities are separate. The property offers a cash-on-cash return of 13% plus. The bike score is 42, indicating it is somewhat bikeable. The walk score is 86, indicating it is very walkable. The transit score is 52, indicating good transit options.

Key Highlights

• High Cash on Cash Return (13% plus)
• Close proximity to downtown, shopping, services, and schools
• Upper flat is completely renovated with new appliances, paint, and bathroom

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FAQs

What type of property is this?

Multifamily property - Multifamily property with renovations and high cash on cash return.

Where is this multifamily property located?

The property is located at 416 Bear St Syracuse, NY.

What is the asking price?

The asking price for this property is $164,900.

What are key features of this property?

This property features: High Cash on Cash Return (13% plus); Close proximity to downtown, shopping, services, and schools; Upper flat is completely renovated with new appliances, paint, and bathroom