631 Seneca Tpke Syracuse, NY 13205

This exceptional 14-unit multifamily property presents a compelling redevelopment or value-add investment opportunity in Syracuse, New York. Located at 631 E Seneca Turnpike, this 0.85-acre site boasts three, two-story buildings totaling 12,000 square feet, constructed in 1970 and renovated in 1990. The property features a mix of two and three-bedroom units, offering significant potential for increased rental income through renovations and upgrades. With 35 parking spaces and a convenient location near the 81/481 interchange, providing easy access to downtown Syracuse and the University District, this property is ideally situated for attracting tenants. The asking price is $1,499,000, translating to $124.92 per square foot and $107,071.43 per unit. The property is zoned commercial and will be delivered free of lease encumbrances, allowing for immediate implementation of improvements. The high-traffic intersection with traffic signals further enhances the property's visibility and accessibility. This is a rare chance to acquire a substantial multifamily asset with significant upside potential in a desirable location.