Property Description

EXCELLENT OPPORTUNITY FOR INVESTORS TO ADD THIS MIXED-USE PROPERTY TO YOUR PORTFOLIO. HIGH-TRAFFIC LOCATION FEATURING A COMBINATION OF LIVING SPACE AND BUSINESS/RENTAL OPPORTUNITIES (HISTORICALLY ASSOCIATED WITH A LOCAL STOREFRONT SUCH AS INSURANCE OFFICE, JEWERLY STORE, LIQUOR STORE?) WHICH OPERATED BY OWNER WHO OCCUPIED THE BACK TWO BEDROOMS UNIT, LATER TRANSITIONED INTO TENANT-OCCUPIED. A LARGE GARAGE THAT COULD BE RENTED FOR STORAGE AS AN EXTRA INCOME. THE BUILDING FEATURES SEPARATE FURNACE, AND ELECTRIC METERS FOR EACH UNIT. THIS HELPS REDUCE OWNER EXPENSES AND IMPROVE LONG-TERM CASH FLOW. THE PROPERTY IS CURRENTLY VACANT, MAKING IT IDEAL FOR AN INVESTOR LOOKING TO UPGRADE AND SET THEIR OWN RENTS, OR FOR AN OWNER-OCCUPANT SEEKING A VALUE-ADD PROJECT. REPAIRS ARE NOT NEEDED, WHICH IS ALSO REFLECTED IN THE OPPORTUNITY AND UPSIDE FOR THE NEXT OWNER. NEAR DESTINY MALL, FARMERS MARKET, NBT BANK STADIUM, AND MINUTES FROM DOWNTOWN SYRACUSE, ARMONY SQUARE, ST. JOSEPH AND SUNY UPSTATE HOSPITALS. EASY ACCESS TO I-90, 690 AND 81 FOR QUICK COMMUTES. THIS PROPERTY IS ALSO A SHORT DRIVE FROM THE UPCOMING MICRON SEMICONDUCTOR DEVELOPMENT LOCATED IN CLAY, NY, WHICH WILL BE BRINGING THOUSANDS OF JOBS AND BOOSTING LOCAL DEMAND FOR HOUSING. WITH STRONG RENTAL INCOME, A CONVENIENT LOCATION, AND SYRACUSE'S GROWING ECONOMY.

Property Features

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