116 East Heman Street

De Witt, NY 13057

$469,000
Price
6
Beds
7,418 Sq. Ft.
$63 / Sq. Ft.
7,418
Sq. Ft.
$63
per Sq. Ft.

Description

Rare opportunity to purchase an apartment building with OWNER FINANCING - 30% down, 7% interest, 30-year amortization, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes two 2-bedroom and four 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow...Rare opportunity to purchase an apartment building with OWNER FINANCING - 30% down, 7% interest, 30-year amortization, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes two 2-bedroom and four 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow potential. Other features include a parking lot with space for 6 vehicles plus a 6-car garage which is rented for additional income.
  1. Listed by Christopher Newman • Acropolis Realty Group LLC
    P: (315)-396-0493 C: (315)-396-0493 chris@investsyracuse.com

Property Details for 116 East Heman Street

On Waterfront
No
Parking Description
One Space, Driveway, Garage
Nearest Cross Street
Upton St
LISTING UPDATED: 10/10/2024 06:02 PM

Property Details for 116 East Heman Street

StatusActive
MLS #S1571162
Days on Market40
Taxes$7,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1925
Lot Size0.20 AC / 8,712 SF
CountyOnondaga County

Building Information for 116 East Heman Street

Stories3Residences6Year Built1925Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 116 East Heman Street

Summary
Location and General Information
  • Elementary School District: East Syracuse-Minoa
  • High School District: East Syracuse-Minoa
  • Middle Or Junior School District: East Syracuse-Minoa
  • Village: East Syracuse-Village
  • Human YN: No
Parking
  • Garage Spaces per Apt: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: East Syracuse-Village-312601
  • Tax Annual Amount: $7,500.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 7418.0
  • Land Features: Corner Lot, Residential Lot
  • Num Of Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Acres
  • Parcel Number: 312601-002-000-0010-009-000-0000
  • Road Frontage: City Street
  • Lot Number: 9
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $145,000
  • Year Built: 1925
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 6
  • Num Of Gas Meters: 6
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Composite Siding
  • Exterior Features: Blacktop Driveway
  • Roof Description: Asphalt, Shingle
Interior Features
  • Appliances: Free Standing Range, Gas Water Heater, Oven, Refrigerator
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 6
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Laminate, Varies, Vinyl
  • Heating: Gas, Hot Water
  • Heating YN: Yes
  • Sq Ft Total: 7418.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Operating Expense Includes: Other, See Remarks
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Snow Removal, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 116 East Heman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 116 East Heman Street

Taxable ValueLand$15,000Additions$130,000Total$145,000
Home Facts
Total Finished SqFt5,244 SqFtAbove Grade Finished SqFt5,244 SqFtUnfinished Basement SqFt2,174 SqFtStories3Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Zoning05 - COMMERCICountyONONDAGAAPN312601 002.-10-09.0

Schools near 116 East Heman Street

This home is within East Syracuse Minoa Central School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - 7 to 12
Rating
School
Distance
East Syracuse Elementary School
PublicK to 5

Pine Grove Middle School
Public6 to 8

East Syracuse Minoa Central High School
Public9 to 12

Bishop Grimes Jr-Sr High School
Private7 to 12

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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116 East Heman Street is a multi-family home for sale in De Witt, NY 13057. This property was listed for sale on October 9, 2024 by Acropolis Realty Group LLC, it's currently listed at $469,000. It has been on the market for a total of 40 days and was last sold on January 24, 2006. This listing's school district is East Syracuse Minoa Central School District. Nearby schools include East Syracuse Elementary School, Pine Grove Middle School and East Syracuse Minoa Central High School. 116 East Heman Street is a 6-bed, 0-bath, 7,418 sqft multi-family home built in 1925.

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Listing Courtesy of Acropolis Realty Group LLC

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.