For Sale
$315,000

301 Manlius St East Syracuse, NY 13057

Four-unit apartment building, great cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, great cash flow.
Where is the apartment building located?
The property is located at 301 Manlius St East Syracuse, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: $315,000 asking price.; Four-unit apartment building in East Syracuse, NY.; 2,288 square feet.
How can I contact the broker?
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301 Manlius St
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