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    600 South Ave Syracuse, NY 13207

    Sponsored
    For Sale
    $2,000,000

    Updated 6-unit building, strong rental income.

    Property size:
    4,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a meticulously renovated six-unit apartment building located at 600 South Avenue in Syracuse, New York. Built in 1980, this three-story building boasts a total of 4,176 square feet and offers six one-bedroom apartments, each featuring a newly renovated kitchen and bathroom. Recent upgrades include new vinyl siding, updated windows throughout, fresh flooring, and a completely renovated front entrance. The property also includes four convenient parking spaces for residents. Its prime location offers easy access to local amenities, including a nearby grocery store, downtown Syracuse, and schools, ensuring high occupancy rates and consistent rental income. This property is part of a larger portfolio, but is offered for sale individually, presenting a compelling opportunity for investors seeking a solid, income-producing asset in a desirable location. The building is situated in Onondaga County, NY, with a 13207 zip code. This is a turnkey operation, ready for immediate income generation. The asking price for this well-maintained multifamily property is $2,000,000.

    Property Features for 600 South Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,176 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    3
    Units
    6

    HighLights

    • $2,000,000 asking price for a six‑unit apartment building.
    • Multifamily property with six one‑bedroom units.
    • 4,176 square feet, three stories, built in 1980.
    • Located at 600 South Ave, Syracuse, NY 13207.
    • Four parking spaces.
    • Recently renovated with new siding, windows, flooring, kitchens, bathrooms, and water heaters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -76.1588462
    Latitude
    43.0334911

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    FAQs

    What type of property is this?
    Multifamily property - Updated 6-unit building, strong rental income.
    Where is this multifamily property located?
    The property is located at 600 South Ave Syracuse, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for a six-unit apartment building.; Multifamily property with six one-bedroom units.; 4,176 square feet, three stories, built in 1980.
    Request Owner's contact information
    600 South Ave Syracuse, NY 13207
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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
    600 South Ave Syracuse, NY 13207
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