For Sale
$949,999

1106 Butternut St Syracuse, NY 13208

High-Yield Rental Property in Syracuse, NY

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a six-unit multifamily property located at 1106 Butternut Street, Syracuse, New York, 13208. The property, built in 1920, boasts a total of 5,199 square feet across two stories in a single building. Currently configured as six individual rental units, this portfolio offers a compelling price per unit of $158,333.17, with an overall asking price of $949,999. The price per square foot is $182.73. This property is part of a larger three-property package, offering significant potential for investors seeking a strong return. The property's location in Onondaga County provides access to a robust rental market. Detailed financial information, including projected cash-on-cash returns, is available upon request. This is an excellent opportunity to acquire a well-positioned multifamily asset in a desirable Syracuse neighborhood. The property's solid construction and established rental history make it an attractive investment for both seasoned and emerging real estate investors. Further due diligence is encouraged to fully assess the investment potential of this promising opportunity. This offering includes the building at 1106 Butternut Street only; other properties in the package are sold separately.

Highlights

  • $949,999 asking price for a six-unit multifamily property.
  • Six units totaling 5,199 square feet.
  • $182.73 price per square foot.
  • $158,333.17 price per unit.
  • Built in 1920, two-story building.
  • Located at 1106 Butternut St, Syracuse, NY 13208.

Property Details for 1106 Butternut St

Property type
Residential income homes
Square Feet
5,199 SF
Year Built
1920
Buildings
1
Stories
2
Units
6

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0654304
Longitude
-76.1431026

FAQs

What type of property is this?
Residential income home - High-Yield Rental Property in Syracuse, NY
Where is the residential income home located?
The property is located at 1106 Butternut St Syracuse, NY.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: $949,999 asking price for a six-unit multifamily property.; Six units totaling 5,199 square feet.; $182.73 price per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1106 Butternut St
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