$199,900
- Beds
- 2
- Baths
- 2.5
- sq ft
- 1,488
2851 Milton Ave, Syracuse, NY 13209
2851 Milton Ave
Geddes, NY 13209
- 75 days on market
This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor rented for $900, tenants pay their own utilities. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!), vinyl siding, and no basement.
Details
Property type
Mixed Use
Lot size
5,544 sq ft
Price per sq ft
$135
Year built
1991
Annual property taxes
$7,346
Price History
10/08/2024
CNYREIS #S1564091
Removed
$199,900
09/30/2024
CNYREIS #S1564091
Listed
$199,900
09/09/2024
CNYREIS #S1564091
Listed
$199,900
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
High school district:
Solvay
Number of units in community:
3
Status: Active
Tomo last checked: 11/23/2024 at 11:50 AM
Listing updated: 11/04/2024 at 1:44 PM
Listed by: Christopher Newman, Acropolis Realty Group LLC Phone #: (315) 396-0493
MLS: CNYREIS #S1564091
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