1516 Valley Drive

Syracuse, NY 13207

$187,500
Price
3
Beds
4
Baths
2,619 Sq. Ft.
$72 / Sq. Ft.
2,619
Sq. Ft.
$72
per Sq. Ft.

Description

Welcome to 1516 Valley Dr, a fantastic mixed-use building situated in Syracuse, NY. The street front boasts a successful store and print shop while the back is a residential 3 bedroom, 2 full bathroom house! Both units are currently rented out for a total gross monthly rent of $2,375 effective 1/1/2025. This presents terrific potential cashflow for an investor! Convenience is key, and this property delivers; nestled close to a wide variety of stores, restaurants, and shops, it also offers easy access...Welcome to 1516 Valley Dr, a fantastic mixed-use building situated in Syracuse, NY. The street front boasts a successful store and print shop while the back is a residential 3 bedroom, 2 full bathroom house! Both units are currently rented out for a total gross monthly rent of $2,375 effective 1/1/2025. This presents terrific potential cashflow for an investor! Convenience is key, and this property delivers; nestled close to a wide variety of stores, restaurants, and shops, it also offers easy access to downtown Syracuse's vibrant amenities. Not to mention there is also off-street parking, a rare find in this bustling area! This property has the ability to be sold as a package with the one right next door, 1522 Valley Dr Syracuse, NY. MLS Number: S1577380. It does NOT need to be sold as a package.
  1. Listed by Connor Schwartz • The O'Hara Group
    P: (315)-491-6088 C: (315)-491-6088 schwartz232@yahoo.com
  2. Listed by Christopher VanAtter • The O'Hara Group
    P: (315)-491-6088 C: (315)-491-6088 chrisvanatter5@icloud.com

Property Details for 1516 Valley Drive

On Waterfront
No
Parking Description
Paved, Two Or More Spaces
Nearest Cross Street
W Seneca TPKE
LISTING UPDATED: 12/05/2024 06:02 PM

Property Details for 1516 Valley Drive

StatusActive
MLS #S1580056
Days on Market4
Taxes$4,350 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1960
Lot Size0.10 AC / 4,250 SF
CountyOnondaga County

Building Information for 1516 Valley Drive

Stories2Residences2Year Built1960Building Size-Lot Size0.10 AC / 4,250 SF

Property Information for 1516 Valley Drive

Summary
Location and General Information
  • Elementary School District: Syracuse
  • High School District: Syracuse
  • Middle Or Junior School District: Syracuse
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: 4.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Syracuse City-311500
  • Tax Annual Amount: $4,350.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 2619.0
  • Land Features: Other, Near Public Transit, Rectangular, See Remarks
  • Num Of Acres: 0.0976
  • Lot Size Area: 0.0976
  • Lot Size Square Feet: 4250.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-070-000-0015-009-000-0000
  • Lot Number: 9
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $68,200
  • Year Built: 1960
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Fence, Private Yard, See Remarks
  • Fencing: Partial
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full, Sump Pump
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • HVAC Type: Window Units
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Hardwood, Laminate, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans, Natural Woodwork
  • Levels: Two
  • Sq Ft Total: 2619.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Insurance, Maintenance, Other, See Remarks, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,025.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: ,Den/Family Room,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $1,025.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1025
Unit 2
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 0
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Microwave,Other - See Remarks
  • Unit Type Total Rent: $1,350.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1350
Rental
Rental Information
  • Tenant Pays: All Utilities
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 1516 Valley Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1516 Valley Drive

Taxable ValueLand$12,700Additions$55,500Total$68,200
Home Facts
Total Finished SqFt2,019 SqFtAbove Grade Finished SqFt2,019 SqFtUnfinished Basement SqFt600 SqFtStories2Lot Size4,240 SqFtStyleOffice BuildingYear Built1960Zoning10CountyONONDAGAAPN311500 070.-15-09.0

Schools near 1516 Valley Drive

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 - 6 to 8
Rating
School
Distance
Van Duyn Elementary School
PublicPK to 5

Clary Middle School
Public6 to 8

Corcoran High School
Public9 to 12

Expeditionary Learning Middle School
Public6 to 8

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.

Similar Homes

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Similar Sold Homes

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1516 Valley Drive is a multi-family home for sale in Syracuse, NY 13207. This property was listed for sale on December 5, 2024 by The O'Hara Group, it's currently listed at $187,500. It has been on the market for a total of 4 days and was last sold on November 21, 2022. This listing's school district is Syracuse City School District. Nearby schools include Van Duyn Elementary School, Clary Middle School and Corcoran High School. 1516 Valley Drive is a 3-bed, 4-bath, 2,619 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The O'Hara Group

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.