2851 Milton Avenue
$199,900
2
2
1
1,488
1,488
$134
Description
This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential or can be the new home for your business. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor that is currently vacant and being advertised for $1,200/mo. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments...This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential or can be the new home for your business. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor that is currently vacant and being advertised for $1,200/mo. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!) , vinyl siding, and no basement.
- Listed by Christopher Newman • Acropolis Realty Group LLCP: (315)-396-0493 C: (315)-396-0493 chris@investsyracuse.com
Property Details for 2851 Milton Avenue
Styles Of Residence
Triplex
On WaterfrontNo
Parking DescriptionPaved, Two Or More Spaces
Nearest Cross StreetDarrow Ave
LISTING UPDATED: 12/18/2024 05:02 PM
Property Details for 2851 Milton Avenue
Status | Active |
---|---|
MLS # | S1581751 |
Days on Market | 3 |
Taxes | $7,346 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Residential |
Year Built | 1991 |
Lot Size | 0.13 AC / 5,544 SF |
County | Onondaga County |
Building Information for 2851 Milton Avenue
Stories2Residences3Year Built1991Building Size-Lot Size0.13 AC / 5,544 SF
Property Information for 2851 Milton Avenue
Property History for 2851 Milton Avenue
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 2851 Milton Avenue
Taxable ValueLand$10,000Additions$101,800Total$111,800
Home Facts
Baths3Total Finished SqFt1,488 SqFtAbove Grade Finished SqFt1,488 SqFtStories2Lot Size5,544 SqFtStyleOffice BuildingYear Built1991Year Renovated1995Zoning03 - MULTI-FACountyONONDAGAAPN313201 004.-01-01.0
Schools near 2851 Milton Avenue
This home is within Solvay Union Free School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Solvay Elementary School PublicK to 4 | ||
Solvay Middle School Public5 to 8 | ||
Solvay High School Public9 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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