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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