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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

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.
More about this property
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