125 Forest Avenue

Syracuse, NY 13205

$130,000
Price
5
Beds
2
Baths
1,824 Sq. Ft.
$71 / Sq. Ft.
1,824
Sq. Ft.
$71
per Sq. Ft.

Description

Fantastic Investment Opportunity in Syracuse! Welcome to this recently improved duplex in the heart of Syracuse. With a double-digit cap rate and a 25%+ cash-on-cash return when fully rented, this property offers a lucrative investment opportunity with strong cash flow potential. Whether you're an investor seeking passive income or a “house-hacking” owner-occupant looking to offset mortgage costs, this property boasts recent improvements, including plumbing and floors, making it move-in ready. Residents...Fantastic Investment Opportunity in Syracuse! Welcome to this recently improved duplex in the heart of Syracuse. With a double-digit cap rate and a 25%+ cash-on-cash return when fully rented, this property offers a lucrative investment opportunity with strong cash flow potential. Whether you're an investor seeking passive income or a “house-hacking” owner-occupant looking to offset mortgage costs, this property boasts recent improvements, including plumbing and floors, making it move-in ready. Residents enjoy easy access to amenities, schools, parks, and major transportation routes, enhancing the property's appeal to potential tenants. Don't miss out on this rare opportunity to own a turnkey duplex with excellent rental income potential. Schedule a showing today and seize the chance to start or expand your real estate investment portfolio!
  1. Listed by Ian Wheatley • eXp Realty
    P: 888-276-0630 C: 888-276-0630 ian.wheatley@eXpRealty.com

Property Details for 125 Forest Avenue

Subdivision Comm Complex
Cathers Tract
On Waterfront
No
Parking Description
Twoor More Spaces
Nearest Cross Street
Cannon Street

Location

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LISTING UPDATED: 03/30/2024 05:58 PM

Property Details for 125 Forest Avenue

StatusActive Under Contract
MLS #S1522523
Days on Market37
Taxes$2,076 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1930
Lot Size0.10 AC / 4,494 SF
CountyOnondaga County

Location

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Add your commute

Building Information for 125 Forest Avenue

Stories2Residences2Year Built1930Building Size-Lot Size0.10 AC / 4,494 SF

Payment Calculator

$882 per month

30 year fixed, 7.25% Interest

Principal and Interest

$709

Property Taxes

$173

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 125 Forest Avenue

Summary
Location and General Information
  • Elementary School District: Syracuse
  • High School District: Syracuse
  • Middle Or Junior School District: Syracuse
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Syracuse City-311500
  • Tax Annual Amount: $2,076.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1824.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.1032
  • Lot Size Area: 0.1032
  • Lot Size Square Feet: 4494.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-077-000-0021-013-000-0000
  • Road Frontage: City Street
  • Lot Number: 13
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $35,000
  • Year Built: 1930
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 5
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies, Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 1824.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Living Room
  • Unit Type Total Rent: $1,000.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Unit 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Living Room
  • Unit Type Total Rent: $1,000.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Rental
Rental Information
  • Rent Includes: Other, See Remarks
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 125 Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 Forest Avenue

Taxable ValueLand$2,600Additions$32,400Total$35,000
Home Facts
Baths2Total Finished SqFt1,824 SqFtAbove Grade Finished SqFt1,824 SqFtStories2Lot Size4,500 SqFtStyleDuplexYear Built1930Zoning03 - MULTI-FACountyONONDAGAAPN311500 077.-21-13.0

Schools near 125 Forest Avenue

This home is within Syracuse City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 7
Rating
School
Distance
Mckinley Brighton Elementary School
PublicPK to 5

Danforth Middle School
Public6 to 8

Corcoran High School
Public9 to 12

Syracuse Latin School
PublicPK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.