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101 Waldorf Pkwy Syracuse, NY 13224

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15-Unit Multifamily Investment

Property Features for 101 Waldorf Pkwy

General Information

Property type
Multifamily properties
Class
B

Building Details

Year Built
1975
Buildings
3
Stories
3
Units
15

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Listing Contact
Dan Murphy
Dan Murphy

Listing Agency: University Hill Realty Listing Agent: Dan Murphy

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

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Property Insight Report

Overview

This stabilized, 15-unit apartment building in DeWitt, NY presents a compelling investment opportunity. Located on a quiet cul-de-sac, this three-story, Class B property offers convenient access to Syracuse University, Interstate 81, and public transportation. Built in 1975, the complex sits on a 27,443 sq ft lot and comprises three buildings. The property boasts a strong NOI of $136,189, resulting in a 7.17% cap rate, and is priced at $1,900,000 ($126,667 per unit). Residents enjoy ample on-site parking. The property benefits from its location within a highly desirable school district. Significant improvements are planned for 2024, including roof replacement and sidewalk/walkway upgrades, minimizing future maintenance expenses. This prime location, coupled with planned improvements and strong rental demand, makes this a lucrative investment opportunity with potential for long-term growth and high returns. The property's proximity to Syracuse University and easy access to major roadways further enhance its appeal. This well-maintained complex offers a blend of comfort and convenience, making it an attractive option for tenants and investors alike.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Syracuse
County
Onondaga
State
New York
Longitude
-76.1100804
Latitude
43.0267247

FAQs

What type of property is this?
Multifamily property - 15-Unit Multifamily Investment
Where is this multifamily property located?
The property is located at 101 Waldorf Pkwy Syracuse, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: $1,900,000 asking price for a stabilized multifamily investment.; 15-unit apartment building in DeWitt, NY, a desirable school district.; 7.17% cap rate with a $136,189 NOI.
(315) 460-0024 Call to check price and availability
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