407 Pond St Syracuse, NY 13208

This exceptional investment opportunity presents a portfolio of five (5) single-family rental properties located at 407 Pond St, Syracuse, NY 13208, in Onondaga County. Built in 1920, this Class C multifamily portfolio boasts 100% occupancy, generating a substantial net operating income (NOI) of $49,690. The asking price is $450,000, representing an attractive price per unit of $90,000 and a compelling cap rate of 11.04%, both pro-forma and current. The portfolio is currently stabilized, offering immediate cash flow to the investor. Professional management is already in place, simplifying ownership and maximizing returns. This property is ideally suited for a 1031 exchange, providing a seamless transition for investors seeking tax-advantaged real estate investments. The portfolio's strong performance and favorable location in Syracuse, New York make it an exceptional addition to any investment portfolio. Each of the five buildings is a single-family residence, offering flexibility and potential for future value appreciation. The property's strong cash flow and high occupancy rate make it a low-risk, high-reward investment opportunity. This is a turnkey investment ready for immediate income generation.