900 N Alvord Street, Syracuse, NY 13208

Property Description

Excellent opportunity to acquire an 11-unit multifamily property located at the corner of Danforth St & N Alvord St. This income-producing asset consists entirely of one-bedroom units and currently generates close to $100,000 annually in gross rental income with opportunity for much more. The owner has made significant improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. All 9 renovated units are currently occupied, providing immediate cash flow while still offering additional upside potential for investors looking to further increase value and maximize returns. There is excellent opportunity to increase monthly income by bringing all 11 units to market rent, renting the garage and driveway spaces separately, and reducing operating expenses. The building is equipped with 24/7 video surveillance cameras. A property caretaker/security manager lives on site and is an added benefit for landlords. The property is currently operating with higher-than-average management and maintenance expenses that could potentially be reduced significantly by a more hands-on owner or operator. Whether you are looking to expand your portfolio or step into a stabilized multifamily investment with additional value-add potential, this property presents an attractive opportunity with strong existing income and future upside. Financials, rent roll, and additional property information available upon request.