tomo logo

$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

CNYREIS #S1564091

Removed
$199,900
09/30/2024
CNYREIS

CNYREIS #S1564091

Listed
$199,900
09/09/2024
CNYREIS

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

CNYREIS logo

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