301 Manlius StEast Syracuse, NY 13057

Property Details for 301 Manlius St

Year built

1920

Property size (Sq ft)

2,288 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming East Syracuse, NY multifamily property at 301 E Manlius St. presents a compelling investment opportunity. The 2-story, 1920-built apartment building boasts 2,288 square feet and comprises four one-bedroom, one-bathroom units. Each unit features updated kitchens and bathrooms, enhancing tenant appeal and maximizing rental income. The property includes a two-car garage and an additional four off-street parking spaces, a significant advantage in a village setting. Recent upgrades include a roof (approximately 3 years old), four furnaces (approximately 5 years old), updated electrical panels, and a new pressure-treated deck. The single gas and electrical meter simplifies utility management. Located within walking distance of restaurants, Walmart, and schools, the property benefits from a convenient and desirable location. The strong cash flow, exceeding an 11% cash-on-cash return, makes this a highly attractive investment. The property is situated in Onondaga County, NY, zip code 13057. This is a turnkey investment ready for immediate income generation. The property's combination of updated amenities, convenient location, and strong financial performance makes it an ideal addition to any investment portfolio.

Location Insight

City

East Syracuse

County

Onondaga

State

New York

Latitude

43.064

Longitude

-76.0669

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