3401 S Salina Street Syracuse, NY 13205
Listing by: NYS ALLIANCE / Century 21 Tucci Realty / George C. Congel

  3401 S Salina Street Syracuse, NY 13205

Pending (3 Days)
$100,000
6
BED
2
BATH
2,844
SQFT

Description

This property seems like a lucrative investment opportunity with its potential for high rental income. The fact that the owner has already made necessary repairs and painted the interior adds to its appeal. With two 3-bedroom apartments fetching an estimated rent of $1300 each, the gross annual income of $31,200 is promising.

For prospective buyers, the option of obtaining a mortgage with a 25% down payment of $21,250 makes it accessible, and the potential to recoup the down payment within the first year due to the high rental income is quite attractive.

Additionally, the property's amenities such as off-street parking, proximity to shopping areas, small backyard reducing maintenance, and its location near Route 81 entrance and only 2 miles from Syracuse University make it appealing for tenants, potentially ensuring consistent occupancy.

Buyers are encouraged to consult with their agent or loan officer to assess the financial feasibility of this investment and to consider the potential for long-term returns. Overall, it appears to be a promising opportunity in the real estate market.

MLS #:
S1523904
Taxes
$2,808
Lot Size
0.27 acres
Type
Multifamily
Year Built
1931
Style
Duplex
School District
Syracuse
County
Onondaga County
Community
Brightonton Area

Listed By

George C. Congel, Century 21 Tucci Realty
Source
NYS ALLIANCE
Last checked Apr 13 2024 at 4:42 PM GMT+0000
Bathroom Details
Interior Features
  • Gas Water Heater
Subdivision
  • Brightonton Area
Lot Information
  • Residential Lot
  • Rectangular
  • Near Public Transit
Property Features
  • Fireplace: 2
Heating and Cooling
  • Gas
  • Forced Air
Basement Information
  • Full
Flooring
  • Varies
  • Hardwood
Exterior Features
  • Roof: Asphalt
  • Roof: Shingle
Utility Information
  • Utilities: Cable Available, Water Source: Public, Water Connected, Sewer Connected, Water Source: Connected
  • Sewer: Connected
Parking
  • Garage
  • Two or More Spaces
  • Gravel
Stories
  • 2
Living Area
  • 2,844 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 3
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 New York State Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/13/24 09:42