116 East Heman Street
$469,000
6
7,418
7,418
$63
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.
- Listed by Christopher Newman • Acropolis Realty Group LLCP: (315)-396-0493 C: (315)-396-0493 chris@investsyracuse.com
Property Details for 116 East Heman Street
On Waterfront
No
Parking DescriptionOne Space, Driveway, Garage
Nearest Cross StreetUpton St
LISTING UPDATED: 10/10/2024 06:02 PM
Property Details for 116 East Heman Street
Status | Active |
---|---|
MLS # | S1571162 |
Days on Market | 5 |
Taxes | $7,500 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Other |
Year Built | 1925 |
Lot Size | 0.20 AC / 8,712 SF |
County | Onondaga 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
Property History for 116 East Heman Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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