201 Main St North Syracuse, NY 13212

This exceptional mixed-use investment opportunity presents two, three-story buildings totaling 24,215 square feet situated on 201 S Main St, Syracuse, NY 13212. The property, encompassing 27 units (24 residential apartments and 3 commercial storefronts), boasts a remarkable 100% occupancy rate since its completion in 2017 following extensive renovations. Each unit features modern amenities including granite countertops, stainless steel appliances, and in-unit washer/dryers. Tenant responsibility for utilities (heat, hot water, electricity) contributes to the property's strong financial performance. Enhanced security measures include key fob access, closed-circuit monitoring, and a fire suppression system. The property also includes an elevator and ample off-street parking (35 spaces). Built in 1950 and renovated in 2017, this Class A property offers a stabilized investment with a current NOI of $221,241 and a 6.91% cap rate. The asking price is $3,200,000, translating to $132.15 per square foot and $118,518.52 per unit. The property's strong performance and desirable features make it an attractive investment opportunity. Parcel numbers are 011.-02-18.0 & 011.-02-19.0. This is a gross lease property with no tenant credit rating.