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0.35 Acres in Syracuse, NY - $499,900
Unique opportunity to own an entire street block! This package consists of 2 duplexes & 2 single family rentals for a total of 6 units. 1111 Willis Ave. consists of the left duplex and blue single family house (102 Gere Ave). 1113 Willis Ave consists of the right duplex and the single family house directly behind it (102.5 Gere Ave.). Both parcels must be sold as a package together. Valued at a true 9.88% cap rate, this property is in great condition with very low in-place rents. All residence are month to month and pay their own gas/electric as it is all separably metered. all 4 buildings and their apartments are updated and 3 of the 4 buildings have new roofs. Rents are well below market Both duplexes have been recently upgraded with new vinyl windows, siding, roofs, new entry wood steps, upgraded flooring, remodeled kitchens, bathrooms and mechanics. Low maintenance, high cashflow.
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