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    827 Park St Syracuse, NY 13208

    Sponsored
    For Sale
    $2,000,000

    12-Unit Apartment Building, $2M

    Property size:
    7,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-unit apartment building presents a lucrative investment opportunity in Syracuse, NY. Located at 827 Park Street, this beautifully remodeled property boasts 7,446 square feet across a two-story building constructed in 1930. Each of the twelve units features one bedroom, a newly renovated kitchen, and a modern bathroom. Recent upgrades include new windows throughout the building, updated electrical circuit breakers, new flooring, and brand new appliances in every unit. The property also benefits from a newly paved driveway. Tenants are responsible for their own utilities, contributing to a streamlined management process. Currently operating at 100% occupancy, this property offers a strong, immediate return on investment. This is part of a larger portfolio, but is being offered as a standalone investment. The building's prime location in Syracuse, within Onondaga County, and its excellent condition make it an attractive proposition for discerning investors seeking a stable and high-yielding asset. The asking price for this turnkey operation is $2,000,000. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable location. The property's strong rental income stream and recent renovations ensure a secure and profitable investment for years to come. The address is 827 Park St, Syracuse, NY 13208.

    Property Features for 827 Park St

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,446 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    2
    Units
    12
    Property Profile Location Intelligence

    Current Use by Public Records

    Darlene Clothes Market

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1467413
    Latitude
    43.0636938

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    FAQs

    What type of property is this?
    Multifamily property - 12-Unit Apartment Building, $2M
    Where is this multifamily property located?
    The property is located at 827 Park St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    Request Owner's contact information
    827 Park 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
    827 Park St Syracuse, NY 13208
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