For Sale
$1,100,000

932 Oak StSyracuse, NY 13203

High-Yield Multifamily Investment in Syracuse, NY

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized portfolio of seventeen rental units across ten buildings located in Syracuse, New York's northside. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $80,850, resulting in an attractive 7.35% capitalization rate. Priced at $1,100,000, this translates to an appealing price per unit of $64,705.88. The properties are a mix of single-family homes and smaller multi-unit buildings (2-3 units), offering diversification within the portfolio. All properties are compliant, holding current Rental Registry Certificates from the City of Syracuse. The Syracuse housing market exhibits robust growth, presenting potential for future rent increases and strong returns on investment. This portfolio represents a compelling opportunity for investors seeking a stable, high-performing asset in a thriving market. The properties are situated at 932 Oak St, Syracuse, NY 13203, within Onondaga County. This Class B multifamily investment is ideal for those seeking immediate cash flow and long-term appreciation. The strong rental history and current market conditions suggest significant upside potential.

Highlights

  • $1,100,000 asking price for a stabilized multifamily investment.
  • 17 units in 10 buildings, Class B construction.
  • 7.35% cap rate with a $80,850 annual NOI.
  • 100% occupancy.
  • $64,705.88 per unit price.

Property Details for 932 Oak St

Property type
Residential income homes
Class
B
Buildings
10
Units
17

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0653727
Longitude
-76.1360577
932 Oak St, Syracuse, New York

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932 Oak St
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