1138 Rd Tully, NY 13159
- Apartment buildings
- 26,720 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1138 Rd
- Year built
- 1960
- Property size
- 26,720 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a rare chance to acquire a well-maintained, fully-rented property in the picturesque town of Tully, New York. Located at 1138 North Road, this property boasts a commanding hilltop position on a sprawling 9.3-acre lot, offering stunning views and ample green space. The complex comprises three buildings, featuring a mix of apartment styles: six attached apartments and two separate two-unit houses. Each unit provides comfortable living with three bedrooms. Built in 1960, the buildings are in good condition and currently generate substantial rental income. The property encompasses a total of 26,720 square feet, with ten units, each priced at $96,500, resulting in an overall asking price of $965,000. The price per square foot is $36.12. This represents a strong value proposition, particularly considering the potential for future rental growth in this desirable location. The property's excellent condition, high occupancy rate, and significant acreage make it an ideal investment for those seeking a stable cash flow and a strong return on investment. This is a turnkey opportunity with immediate income potential and significant upside. The property is situated in Onondaga County, New York, with a zip code of 13159.
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
- Tully
- County
- Onondaga
- State
- New York
- Longitude
- -76.1096
- Latitude
- 42.8255
