705 Oak Street

Syracuse, NY 13203

$219,900
Price
6
Beds
4
Baths
4,254 Sq. Ft.
$52 / Sq. Ft.
4,254
Sq. Ft.
$52
per Sq. Ft.

Description

Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units....Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
  1. Listed by Dante Belmonte • Hunt Real Estate ERA
    P: 315-682-7197 C: 315-446-4681 dante.belmonte@huntrealestate.com

Property Details for 705 Oak Street

Subdivision Comm Complex
Syracuse
Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
Gravel
Nearest Cross Street
Oak

Location

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LISTING UPDATED: 04/25/2024 04:27 PM

Property Details for 705 Oak Street

StatusActive Under Contract
MLS #S1533912
Days on Market1
Taxes$3,348 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1930
Lot Size0.17 AC / 7,360 SF
CountyOnondaga County

Location

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Building Information for 705 Oak Street

Stories2Residences4Year Built1930Building Size-Lot Size0.17 AC / 7,360 SF

Payment Calculator

$1,479 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,200

Property Taxes

$279

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 705 Oak Street

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: $3,348.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 4254.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.169
  • Lot Size Area: 0.169
  • Lot Size Square Feet: 7360.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-015-000-0012-029-000-0000
  • Road Frontage: City Street
  • Lot Number: 29
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $32,000
  • Year Built: 1930
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 5
  • Num Of Gas Meters: 4
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Shake Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 6
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4254.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expense Includes: Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Unit 2
  • Unit Type Actual Rent: $775.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $775.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 775
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Living Room
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Unit 4
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Rental
Rental Information
  • Rent Includes: Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 705 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 705 Oak Street

Taxable ValueLand$17,400Additions$14,600Total$32,000
Home Facts
Total Finished SqFt2,836 SqFtAbove Grade Finished SqFt2,836 SqFtUnfinished Basement SqFt1,418 SqFtStories2Lot Size7,360 SqFtStyleMulti-Family Res (5+ Units)Year Built1930Zoning02 - SINGLE RCountyONONDAGAAPN311500 015.-12-29.0

Schools near 705 Oak Street

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 6
Rating
School
Distance
Franklin Elementary School
PublicPK to 5

Lincoln Middle School
Public6 to 8

Henninger High School
Public9 to 12

Salem Hyde Elementary School
PublicPK to 6

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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Listing Courtesy of Hunt Real Estate ERA

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.