4 Apartment buildings - Syracuse NY 8% CAP

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4 Apartment buildings - Syracuse NY 8% CAP

Sales Agent · Washington, DC · Member since 2015 · 19 posts · 1 vote

    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
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  • Sales Agent · Washington, DC · Member since 2015 · 19 posts · 1 vote
    10y

    *1.3M Assumable mortgage (with permission) 4.58% 20 year term $13,500 per month includes principal, interest and property taxes. Owner also willing to hold 2nd mortgage for $1-200K. The proeprty is currently master leased to Catholic Charities for 3-4yrs. Option to terminate the lease with Catholic Charities upon purchase.

    I am a licensed agent in NY state. In this transaction I will be representing the buyer. Commission negotiable. Please PM or email me at [email protected] to discuss further. 

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