932 Oak StSyracuse, NY 13203

Property Details for 932 Oak St

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0654

Longitude

-76.1361

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