1159 Bellevue Avenue

Syracuse, NY 13207

$690,000
Price
10
Beds
Baths
8,904 Sq. Ft.
$77 / Sq. Ft.
8,904
Sq. Ft.
$77
per Sq. Ft.

Description

10 unit apartment building for sale. Close to Western Lights Plaza consisting of Wegmans, Walgreens, Bank of America, Price Chopper, Valu Home Center and dozens of other retailers and restaurants. This property primarily consists of 1 & 2 bedroom units. 9 of the 10 units are rented with one unit left vacant for showing purposes. 6 of the units are rented by Catholic Charities for guaranteed income while the other units are a mix of cash payers and other voucher programs. The property brings in ~$125,000...10 unit apartment building for sale. Close to Western Lights Plaza consisting of Wegmans, Walgreens, Bank of America, Price Chopper, Valu Home Center and dozens of other retailers and restaurants. This property primarily consists of 1 & 2 bedroom units. 9 of the 10 units are rented with one unit left vacant for showing purposes. 6 of the units are rented by Catholic Charities for guaranteed income while the other units are a mix of cash payers and other voucher programs. The property brings in ~$125,000 in annual income with the opportunity to bring rents to market rate through varies interior renovations, renting out the 10 storage units in the lower level and also equip the laundry room with coin operated washer and dryers at it is currently empty. Each tenant pays their own electrical and the landlord pays for heat, water/sewer and the house meter for common areas. Annual expenses are ~$41,000 giving you an NOI of $80,000 after vacancy factor valuing this property at $700,000 or an 11.5% cap rate. A phenomenal opportunity to recognize strong cashflow day one with upside to the bottom line.
  1. Listed by Dante Belmonte • Hunt Real Estate ERA
    P: (315)-682-7197 C: (315)-446-4681 dante.belmonte@huntrealestate.com

Property Details for 1159 Bellevue Avenue

Subdivision Comm Complex
Bellevue Heights
On Waterfront
No
Parking Description
Three Or More Spaces, Driveway, No Garage
Nearest Cross Street
Stinard
LISTING UPDATED: 03/25/2025 09:09 PM

Property Details for 1159 Bellevue Avenue

StatusActive Under Contract
MLS #S1590220
Days on Market28
Taxes$14,879 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1975
Lot Size0.18 AC / 8,003 SF
CountyOnondaga County

Building Information for 1159 Bellevue Avenue

Stories3Residences10Year Built1975Building Size-Lot Size0.18 AC / 8,003 SF

Property Information for 1159 Bellevue Avenue

Summary
Location and General Information
  • Elementary School District: Syracuse
  • High School District: Syracuse
  • Middle Or Junior School District: Syracuse
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Syracuse City-311500
  • Tax Annual Amount: $14,879.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 8904.0
  • Land Features: Rectangular, Residential Lot
  • Num Of Acres: 0.1837
  • Lot Size Area: 0.1837
  • Lot Size Square Feet: 8003.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-087-000-0001-004-000-0000
  • Road Frontage: City Street
  • Lot Number: 4
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $277,000
  • Year Built: 1975
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Storage Facilities
  • Construction Materials: Brick, Wood Siding
  • Exterior Features: Blacktop Driveway
  • Roof Description: Asphalt
Interior Features
  • Appliances: Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 10
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Luxury Vinyl
  • Heating: Gas, Baseboard
  • Heating YN: Yes
  • Sq Ft Total: 8904.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
  • Operating Expense Includes: Water Sewer
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Heat, Snow Removal, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 1159 Bellevue Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1159 Bellevue Avenue

Taxable ValueLand$30,000Additions$247,000Total$277,000
Home Facts
Total Finished SqFt8,904 SqFtAbove Grade Finished SqFt8,904 SqFtStories3Lot Size8,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1950Zoning03 - MULTI-FACountyONONDAGAAPN311500 087.-01-04.0

Schools near 1159 Bellevue Avenue

This home is within Syracuse City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Bellevue Elementary School
PublicPK to 5

Westside Academy At Blodgett
Public6 to 8

Delaware Primary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Hunt Real Estate ERA

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.