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Property profile

301 Manlius St East Syracuse, NY 13057

OFF-MARKET
Apartment buildings
Property ID
US63-5990337
2,288 SF Built 1920
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 1920
Total area 2,288 SF
UPID US63-5990337

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

301 Manlius St East Syracuse, NY 13057
East Syracuse metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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