508 West Brighton Avenue

Syracuse, NY 13205

$2,850,000
Price
38
Beds
28,032 Sq. Ft.
$102 / Sq. Ft.
28,032
Sq. Ft.
$102
per Sq. Ft.

Description

Welcome to Brighton Place Townhouses! Rare opportunity to own an apartment complex consisting of all 2 bed/1 bath townhome style units. This property has 38 total units and 14 garage bays. All units are identical with a front and back door, main living room with hardwoods and full kitchen on the first floor. Upstairs are the two bedrooms and full bathroom. Each apartment has its own basement, furnace, water tank, gas & electric meter. Tenants pay their own utilities besides water/sewer. Plenty of...Welcome to Brighton Place Townhouses! Rare opportunity to own an apartment complex consisting of all 2 bed/1 bath townhome style units. This property has 38 total units and 14 garage bays. All units are identical with a front and back door, main living room with hardwoods and full kitchen on the first floor. Upstairs are the two bedrooms and full bathroom. Each apartment has its own basement, furnace, water tank, gas & electric meter. Tenants pay their own utilities besides water/sewer. Plenty of parking for all residents at this property. Property continues to run at a high occupancy with virtually no vacancy. Property is being offer at $2.85M which is a 10.58% cap rate based on income and expenses. Square footage is from On.gov tax records.
  1. Listed by Dante Belmonte • Hunt Real Estate ERA
    P: (315)-682-7197 C: (315)-446-4681 dante.belmonte@huntrealestate.com

Property Details for 508 West Brighton Avenue

On Waterfront
No
Parking Description
Three Or More Spaces
Nearest Cross Street
Brighton
LISTING UPDATED: 10/28/2024 01:03 PM

Property Details for 508 West Brighton Avenue

StatusActive
MLS #S1574309
Days on Market20
Taxes$36,097 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1945
Lot Size2.48 AC / 107,913 SF
CountyOnondaga County

Building Information for 508 West Brighton Avenue

Stories2Residences38Year Built1945Building Size-Lot Size2.48 AC / 107,913 SF

Property Information for 508 West Brighton 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
Taxes and HOA Information
  • Area NYSWIS Code: Syracuse City-311500
  • Tax Annual Amount: $36,097.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 28032.0
  • Land Features: Residential Lot
  • Num Of Acres: 2.4773
  • Lot Size Area: 2.4773
  • Lot Size Square Feet: 107913.0
  • Lot Size Units: Acres
  • Parcel Number: 311500-078-000-0011-010-000-0000
  • Road Frontage: City Street
  • Lot Number: 10
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $580,000
  • Year Built: 1945
  • 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
  • Construction Materials: Shake Siding
  • Exterior Features: Blacktop Driveway
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 38
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 28032.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $435,888.00
  • Net Operating Income: $287,150.00
  • Number Of Units Total: 38
  • Operating Expenses: $112,641.00
  • Operating Expense Includes: Workmans Compensation
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 508 West Brighton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 508 West Brighton 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 - 6 to 8
Rating
School
Distance
Mckinley Brighton Elementary School
PublicPK to 5

Danforth Middle School
Public6 to 8

Corcoran High School
Public9 to 12

BRIGHTON ACADEMY
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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508 West Brighton Avenue is a multi-family home for sale in Syracuse, NY 13205. This property was listed for sale on October 28, 2024 by Hunt Real Estate ERA, it's currently listed at $2,850,000. This listing's school district is Syracuse City School District. Nearby schools include Mckinley Brighton Elementary School, Danforth Middle School and Corcoran High School. 508 West Brighton Avenue is a 38-bed, 0-bath, 28,032 sqft multi-family home built in 1945.

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 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.