Active

508 West Brighton Avenue

Syracuse NY, 13205

$2,850,000


$101.67 per sqft

Active

38 Beds

28,032 sqft

Other

Built in 1945

Welcome to Brighton Place Townhouses! Rare opportunity to own an apartment complex consisting of all 2 bed/1 bath townhome style units. This property has 38 total units and 14 garage bays. All units are identical with a front and back door, main living room with hardwoods and full kitchen on the first floor. Upstairs are the two bedrooms and full bathroom. Each apartment has its own basement, furnace, water tank, gas & electric meter. Tenants pay their own utilities besides water/sewer. Plenty of parking for all residents at this property. Property continues to run at a high occupancy with virtually no vacancy. Property is being offer at $2.85M which is a 10.58% cap rate based on income and expenses. Square footage is from On.gov tax records.

S1574309

MLS ID

October 28, 2024

Listed

November 22, 2024

Updated

Map

508 West Brighton Avenue
Syracuse NY, 13205

Interior Features

Total Stories

2


Bedrooms

38


Appliances

Gas Oven, Gas Range, Gas Water Heater, Refrigerator


Floor Description

Hardwood, Varies


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas, Forced Air

Exterior/Building Features

Lot Size

2.48 Acres


Exterior Features

Blacktop Driveway


Lot Features

Residential Lot


Roof

Asphalt


Sewer

Connected

School Information

School District

Syracuse

Other Property Details

Area Name

Syracuse City-311500


Taxes

$36,097


Tax Frequency

Annually


Garage

No


Parking

Three or more Spaces


View

No


County

Onondaga


Municipality

Not Applicable


Water Source

Connected, Public


Pool

No

 

Courtesy of Hunt Real Estate ERA, Dante Belmonte

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