318 E Division St, Syracuse, NY 13208

Property Description

Excellent mixed-use investment opportunity featuring one commercial retail space and four residential apartments, offering multiple income streams under one roof! The commercial space provides great visibility and flexibility for a variety of retail or business uses and is currently rented for $1,500 per month. The residential portion consists of four apartments, including two 2-bedroom units, one 3-bedroom units, and one 1-bedroom unit. Providing an attractive unit mix for investors. Current residential rents are $1,250, $1,321, $1,100, and $1,690 per month, bringing the property's total current gross rental income to $6,861 per month, or $82,332 annually. With five total income-producing units and a combination of commercial and residential space, this property offers an excellent opportunity to add a diversified asset to your portfolio. Whether you're looking to expand your investment holdings or take advantage of the property's mixed-use potential, this is an opportunity worth exploring!