315 Clinton StSyracuse, NY 13202

Property Details for 315 Clinton St

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

2,534 SF

Zone code

15

Property type

Investment properties

Property subtype

Live-work space

APN

311500 104.-09-06.0

APU

31150010409060

Description

This exceptional Syracuse investment property, located at 315 S Clinton St, in the vibrant Armory Square district, offers a compelling blend of residential and commercial income streams. The building boasts a substantial 38,512 square feet situated on a 0.19-acre lot. The property's income is generated from twelve residential units – nine two-bedroom apartments and three one-bedroom apartments – all currently occupied. Adding to the strong cash flow are two commercial spaces, both under long-term leases with established tenants. These commercial spaces are currently operational and should not be disturbed. The building underwent extensive renovations in 2010, ensuring a high standard of quality and functionality. Currently, the property enjoys 100% occupancy, providing immediate and consistent rental income. This presents a rare opportunity to acquire a well-maintained, high-performing asset in a desirable and thriving downtown location. The asking price for this turnkey investment is $4,000,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $473,733

  6.5%

  $437,292

  7%

  $406,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $236,132

  Geo Method

  $337,714

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $883,936

  Retail / Commercial

  $445,225

  Hospitality / Lodging

  $312,565

  Office

  $428,085

  Institutional / Educational

  $452,339

  Residential Income

  $529,237

  Multifamily

  $669,918

  Automotive / Energy

  $387,720

  Parking / Income-Based Land

  $140,067

  Restaurant / Food Service

  $213,896

  Healthcare / Senior Housing

  $454,942

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0528

Longitude

-76.1537

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].