105-07 Robert Dr Syracuse, NY 13210
- Apartment buildings
- 2,677 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 105-07 Robert Dr
- Year built
- 1975
- Lot size
- 0.17 lot acres
- Property size
- 2,677 SF
- Property type
- Apartment buildings
Description
This exceptional value-add investment opportunity presents a charming two-unit apartment building located at 105-07 Robert Dr, Syracuse, NY 13210. Boasting a substantial 12.90% cap rate and a strong net operating income (NOI) of $58,060, this property offers significant return potential. The building, constructed in 1975, comprises 2,677 square feet on a 0.17-acre lot and features two stories. Each unit provides ample living space, with the downstairs unit showcasing a cozy living room, three bedrooms, a luxurious primary bedroom with a full bath and hot tub, a second full bath, and a chef's kitchen with an island. The upstairs unit offers a bright living room, three bedrooms, an eat-in kitchen, and a full bath. A shared basement laundry room with washer, dryer, folding counter, and an additional refrigerator enhances tenant convenience. Outdoor amenities include a relaxing patio area with seating, a gas grill, and a deck. Parking is readily available with space for six cars, plus an additional space near a shed. This property has a proven track record as a successful Airbnb/rental property for over a decade, making it an ideal investment for both seasoned investors and those seeking a strong passive income stream. The asking price is $450,000, translating to $168.10 per square foot. This property presents a rare blend of comfort, convenience, and substantial income potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1328
- Latitude
- 43.027
