710 East Laurel Street
710 East Laurel Street
$129,900
4
2
2,280
2,280
$57
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!
- Listed by Christopher Newman • Acropolis Realty Group LLCP: 315-396-0493 C: 315-396-0493 chris@investsyracuse.com
Property Details for 710 East Laurel Street
Styles Of Residence
Duplex
On WaterfrontNo
Parking DescriptionNo Driveway
Nearest Cross StreetLodi St
Location
LISTING UPDATED: 05/29/2024 03:58 PM
Property Details for 710 East Laurel Street
Status | Active |
---|---|
MLS # | S1538660 |
Days on Market | 14 |
Taxes | $2,574 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Residential |
Year Built | 1900 |
Lot Size | 0.09 AC / 4,026 SF |
County | Onondaga County |
Location
Building Information for 710 East Laurel Street
Stories2Residences2Year Built1900Building Size-Lot Size0.09 AC / 4,026 SF
Payment Calculator
$923 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 710 East Laurel Street
Property History for 710 East Laurel 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 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.
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