705 Oak Street
705 Oak Street
$219,900
6
4
4,254
4,254
$52
Active Under Contract
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!
- Listed by Dante Belmonte • Hunt Real Estate ERAP: 315-682-7197 C: 315-446-4681 dante.belmonte@huntrealestate.com
Property Details for 705 Oak Street
Subdivision Comm Complex
Syracuse
Styles Of ResidenceFourplex
On WaterfrontNo
Parking DescriptionGravel
Nearest Cross StreetOak
Location
LISTING UPDATED: 04/25/2024 04:27 PM
Property Details for 705 Oak Street
Status | Active Under Contract |
---|---|
MLS # | S1533912 |
Days on Market | 1 |
Taxes | $3,348 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Residential |
Year Built | 1930 |
Lot Size | 0.17 AC / 7,360 SF |
County | Onondaga County |
Location
Building Information for 705 Oak Street
Stories2Residences4Year Built1930Building Size-Lot Size0.17 AC / 7,360 SF
Payment Calculator
$1,479 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 705 Oak Street
Property History for 705 Oak Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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