1817 Burnet AveSyracuse, NY 13206

Property Details for 1817 Burnet Ave

Year built

1955

Lot size

0.20 AC

Property size (Sq ft)

4,731 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Class A, 6-unit apartment building in Syracuse, NY, presents a compelling investment opportunity. Located at 1817 Burnet Ave, this stabilized property boasts a 9.65% cap rate and a strong net operating income (NOI) of $74,823. The 4,731 square foot building, constructed in 1955 and extensively renovated in 2020, sits on a 0.2-acre lot and offers 11 parking spaces. The building comprises six units: two one-bedroom and four two-bedroom apartments, all currently at 100% occupancy. Each unit features updated eat-in kitchens with cherry cabinets and full-size appliances, including dishwashers

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0574

Longitude

-76.111

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