114 Helen StSyracuse, NY 13203
- Investment properties
- 2,784 SF
Property Details for 114 Helen St
- Year built
- 1920
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 2,784 SF
- Zone code
- 02 - SINGLE RESIDENCE
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 311500 019.-02-16.0
- APU
- 31150001902160
Description
This exceptional mixed-use property at 114 Helen St., Syracuse, NY 13203 presents a unique investment opportunity. The building, constructed in 1920 and boasting 4,072 square feet, comprises a thriving ground-floor salon and a spacious two-bedroom apartment on the second floor. This turnkey operation offers the ideal blend of commercial and residential income streams. Recent renovations include a new roof, windows, furnace, kitchen, flooring, and bathrooms, ensuring both functionality and aesthetic appeal. The property features one unit spread across two stories, providing ample space for both business and living. Three parking spaces are available on the property, adding to its convenience. Located in the heart of Sedgwick, this property benefits from high visibility and accessibility. The asking price is $325,000, translating to $79.81 per square foot. This represents a compelling investment opportunity for those seeking a blend of commercial and residential income in a desirable Syracuse location. The property's recent updates minimize immediate capital expenditure needs, allowing for a swift return on investment. Don't miss this chance to acquire a well-maintained, income-generating property in a thriving neighborhood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $520,471
- 6.5%
- $480,434
- 7%
- $446,118
-
Comparable approach
- Method
- Valuation
- Relative Method
- $259,428
- Geo Method
- $371,033
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $971,143
- Retail / Commercial
- $489,150
- Hospitality / Lodging
- $343,402
- Office
- $470,319
- Institutional / Educational
- $496,966
- Residential Income
- $581,451
- Multifamily
- $736,011
- Automotive / Energy
- $425,971
- Parking / Income-Based Land
- $153,885
- Restaurant / Food Service
- $234,999
- Healthcare / Senior Housing
- $499,826
Location Insight
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Latitude
- 43.0642
- Longitude
- -76.1347
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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