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0.22 Acres in Syracuse, NY - $499,900
A unique 13-unit SRO (single room occupancy) turnkey property will make an excellent high-cashflow addition to your investment portfolio. The building consists of 13 furnished rooms each with a small kitchenette, plus two shared bathrooms. The resident manager has lived onsite for 15+ years and handles most management duties including leasing, rent collection, and minor repairs. The property operates extremely efficiently. It is a quiet building, mainly rented to long-term tenants, some of whom have lived there for over 20 years. Many recent capital improvements include driveway paving (2022), new windows (2022), new roof (2014), and vinyl siding. Multiple units have been fully renovated this year including new furniture and tvs. Large, paved parking lot in the year for plenty of off-street parking. This is a great opportunity to add a high cashflow/low maintenance property to your portf...
A unique 13-unit SRO (single room occupancy) turnkey property will make an excellent high-cashflow addition to your investment portfolio. The building consists of 13 furnished rooms each with a small kitchenette, plus two shared bathrooms. The resident manager has lived onsite for 15+ years and handles most management duties including leasing, rent collection, and minor repairs. The property operates extremely efficiently. It is a quiet building, mainly rented to long-term tenants, some of whom have lived there for over 20 years. Many recent capital improvements include driveway paving (2022), new windows (2022), new roof (2014), and vinyl siding. Multiple units have been fully renovated this year including new furniture and tvs. Large, paved parking lot in the year for plenty of off-street parking. This is a great opportunity to add a high cashflow/low maintenance property to your portfolio. In additon to the full renovation in 4 of the units (2025), other updates include a newer roof, new windows (2022), new water heater, repaired & replaced facia & vinyl siding, and driveway paving (2022).
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