For Sale
$315,000

301 Manlius StEast Syracuse, NY 13057

Four-unit apartment building, great cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • $315,000 asking price.
  • Four-unit apartment building in East Syracuse, NY.
  • 2,288 square feet.
  • Built in 1920, two-story building.
  • Updated kitchens and bathrooms, two-car garage, and four additional parking spaces.

Property Details for 301 Manlius St

Property type
Apartment buildings
Square Feet
2,288 SF
Year Built
1920
Buildings
1
Stories
2
Units
4

Location Insight

City
East Syracuse
County
Onondaga
State
New York
Latitude
43.064049
Longitude
-76.0668841
301 Manlius St, East Syracuse, New York

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301 Manlius St
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