Active Under Contract

101-111 Polk Street 23

Syracuse NY, 13224

$2,184,000


$122.97 per sqft

Active Under Contract

7 Beds

17,760 sqft

Commercial

Built in 1960

42-unit apartment building. Main building - 32 units all efficiency/studios @ $550/month. Building directly west is 9 units - 6 units - 1 bed & 3 units - efficiency/studios from $600-$800/month. 2 bedroom SFR on property included & rented $1,050/month. Entire property parking area freshly paved & striped with +-35 spots. Main building - 8 year roof with new trusses & OSB decking with 30 year asphalt shingle. 9 unit building has rolled roof. Main building has electric panel/meter for each unit, tenants pay own electrical. Heating in each unit is electric. 2 new large hot water tanks run hot water for all units & landlord pays gas. In 9 unit building, there is a new boiler that heats all units and landlord pays for that. Each tenant pays their own electric there as well. Landlord is responsible for water/sewer for the entire property. Roughly 90% of interiors have been renovated with new vinyl flooring, bathrooms, paint & kitchens. New main staircase & railing. Upgraded electrical & meters. Mostly new exterior doors & windows. Coin-op laundry machines included. 3 maintenance/storage rooms. Main building new vinyl siding, 9 unit will be sided soon. 100% occupied due to lower rents.

S1490497

MLS ID

August 10, 2023

Listed

May 9, 2024

Updated

Map

101-111 Polk Street 23
Syracuse NY, 13224

Interior Features

Total Stories

2


Bedrooms

7


Appliances

Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer


Laundry Description

Coin-operated


Floor Description

Hardwood, Varies, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Other, See Remarks


Heating

Yes


Heating Description

Electric, Gas, Other, See Remarks, Baseboard, Radiant

Exterior/Building Features

Lot Size

0.86 Acres


Exterior Features

Blacktop Driveway


Lot Features

Residential Lot


Roof

Asphalt, Membrane, Rubber


Sewer

Connected

School Information

School District

Syracuse

Other Property Details

Area Name

Syracuse City-311500


Taxes

$42,664


Tax Frequency

Annually


Days on Market

146


Garage

No


Parking

Three or more Spaces, Driveway, No Garage


View

No


County

Onondaga


Municipality

Not Applicable


Water Source

Connected, Public


Pool

No


Buyer Agency Compensation

2%

 

Courtesy of Hunt Real Estate ERA, Dante Belmonte

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