203 Green Street, Syracuse, NY 13203

Property Description

The Green Street portfolio in the historic Hawley-Green Neighborhood. A rare opportunity to own 4 buildings all next to one another. This portfolio consists of 21 total apartments for a price of $2,100,000. All 21 units are fully rented producing $290,000 in annual income with a path to produce $over $330,000 with minimal work. Units primarily consist of 2-bedrooms with several 1 & 3 bedrooms being offered. The average monthly rent is $1,100 while the market average rent for 2-bedrooms in this neighborhood is closer to $1,400 per unit per month. The portfolio is being offered at an attractive 9.6% cap rate. Properties included 200-202 Green St (AKA 200 Howard, 4-units), 203 Green St. (5-units), 206 Green St. (6-units) & 207 Green St. (6-units). Many upgrades throughout. Each tenant pays their own gas/electric while landlord pays for water/sewer, and exterior maintenance. Add this great and rare opportunity to your portfolio today!