4 Apartment buildings - Syracuse NY 8% CAP

[Joseph Stapleton]

Syracuse NY - 58 efficiencies Apartments spread between 4 two story buildings with 23,000 sf of leasable space. There is an onsite laundry. Each apartment is approximately 400 sf and consists of a large main room, kitchen area, and full bathroom. Each kitchen is equipped with full sized refrigerator, electric stove/oven, sink and a dining area. All apartments feature new replacement windows, newer appliances, windows shades and are cable ready. In addition the building was wired for Verizon FIOS.

Ask - $1.95M

Gross Income: $312,480

Expenses:

Taxes: $55,840.48
Insurance: $10,366.44
Utilities: $42,000
Water: $17,800
Garbage: $3,500
Snow: $1,944
Pest Control: $1,627.68
Maintenance: $18,000
Total Expenses: $151,078.60 NOI: $161,401.40