710 East Laurel Street

Syracuse, NY 13203

$129,900
Price
4
Beds
2
Baths
2,280 Sq. Ft.
$57 / Sq. Ft.
2,280
Sq. Ft.
$57
per Sq. Ft.

Description

With nearly $25,000/year gross income and no rent collection hassles, this is the stabilized, high-cashflow property you’ve been looking for. No matter what metric you use: cash on cash, cap rate, monthly cashflow, this property is a winning turnkey investment. The 1st floor is leased for $1,049/mo and the 2nd floor is leased for $1,000/mo to a long-term tenant. Gas and electricity are separately metered and are the tenants’ responsibility. Both units are rented to vetted sec. 8 tenants, rent is...With nearly $25,000/year gross income and no rent collection hassles, this is the stabilized, high-cashflow property you’ve been looking for. No matter what metric you use: cash on cash, cap rate, monthly cashflow, this property is a winning turnkey investment. The 1st floor is leased for $1,049/mo and the 2nd floor is leased for $1,000/mo to a long-term tenant. Gas and electricity are separately metered and are the tenants’ responsibility. Both units are rented to vetted sec. 8 tenants, rent is direct deposited on the 3rd of every month with the tenant share paid separately and promptly. With a historic shortage of apartment housing in Syracuse, these units are in high demand. Tenants love the spacious 2 bedroom, 1100+ sf apartments and the convenient Northside location close to bus lines, downtown, Little Italy, and St. Joe’s Hospital. This has been a profitable investment for the current owner for many years, but the owner is now retiring, offering a great opportunity to add a high cashflow/low risk property to your portfolio. Can be combined with 136 Lakeview Ave for over $56,000 annual rent, or further combined with 325 Liberty St for over $128,000 in income per​​‌​​​​‌​​‌‌​‌‌​​‌​​​​‌​​​‌‌​‌‌‌ year!
  1. Listed by Christopher Newman • Acropolis Realty Group LLC
    P: 315-396-0493 C: 315-396-0493 chris@investsyracuse.com

Property Details for 710 East Laurel Street

Styles Of Residence
Duplex
On Waterfront
No
Parking Description
No Driveway
Nearest Cross Street
Lodi St

Location

Listing Courtesy of Acropolis Realty Group LLC
Add your commute
LISTING UPDATED: 05/29/2024 03:58 PM

Property Details for 710 East Laurel Street

StatusActive
MLS #S1538660
Days on Market14
Taxes$2,574 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1900
Lot Size0.09 AC / 4,026 SF
CountyOnondaga County

Location

Listing Courtesy of Acropolis Realty Group LLC
Add your commute

Building Information for 710 East Laurel Street

Stories2Residences2Year Built1900Building Size-Lot Size0.09 AC / 4,026 SF

Payment Calculator

$923 per month

30 year fixed, 7.25% Interest

Principal and Interest

$709

Property Taxes

$215

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 710 East Laurel 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: $2,574.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 2280.0
  • Land Features: Near Public Transit, Residential Lot
  • Num Of Acres: 0.0924
  • Lot Size Area: 0.0924
  • Lot Size Square Feet: 4026.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-016-000-0004-003-000-0000
  • Road Frontage: City Street
  • Lot Number: 3
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $48,900
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Exterior Features: Fence
  • Fencing: Partial
  • Foundation Description: Stone
  • Roof Description: Flat
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 4
  • 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: 2280.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $24,588.00
  • Net Operating Income: $15,814.00
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expenses: $6,200.00
  • Operating Expense Includes: Insurance, Maintenance Structure, Maintenance, Professional Management, Water Sewer
  • 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: Oven/ Range,Refrigerator,Living Room
  • Unit Type Total Rent: $1,000.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Unit 2
  • Unit Type Actual Rent: $1,049.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,049.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 10-31-2024
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1049
Rental
Rental Information
  • Rent Includes: Gardener, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 710 East Laurel 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 710 East Laurel Street

Taxable ValueLand$6,700Additions$42,200Total$48,900
Home Facts
Baths2Total Finished SqFt2,280 SqFtAbove Grade Finished SqFt2,280 SqFtStories2Lot Size4,026 SqFtStyleDuplexYear Built1900Zoning04 - FARMCountyONONDAGAAPN311500 016.-04-03.0

Schools near 710 East Laurel 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.

Similar Homes

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710 East Laurel Street is a multi-family home for sale in Syracuse, NY 13203. This property was listed for sale on May 19, 2024 by Acropolis Realty Group LLC, it's currently listed at $129,900. It has been on the market for a total of 14 days and was last sold on August 10, 2007. This listing's school district is Syracuse City School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Henninger High School. 710 East Laurel Street is a 4-bed, 2-bath, 2,280 sqft multi-family home built in 1900.

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 Acropolis Realty Group LLC

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.