405 Pond ST, Syracuse, NY 13208
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405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
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$ 354,000
Est. payment /mo
Price Dropped by $5K

405 Pond ST Syracuse, NY 13208

6 Beds

4 Baths

6,638 SqFt


UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,638 sqft

Price per Sqft $53

MLS Listing ID S1695711

Bedrooms 6

Full Baths 3

Half Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1940

Annual Tax Amount $6,486

Lot Size 3,267 Sqft

Acres 0.075

Lot Dimensions 33X99

Property Sub-Type Multi Family

Property Description

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month.Gross monthly rent $5,000

Recent capital improvements include a new roof and three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

Location

State NY

County Onondaga

Area Syracuse City-311500

Rooms

Basement Full

Interior

Heating Gas, Baseboard, Forced Air, Hot Water

Flooring Hardwood, Resilient, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Cable Available, Sewer Connected, Water Connected

Roof Type Architectural,Shingle

Building

Lot Description Irregular Lot, Near Public Transit

Story 3

Foundation Block, Stone

Sewer Connected

Water Connected, Public

Structure Type Brick,Vinyl Siding,Copper Plumbing

Construction Status Existing

Schools

School District Syracuse

Others

Senior Community No

Tax ID 311500-007-000-0030-030-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1695711


Listed by Hunt Real Estate ERA

NEARBY SCHOOLS & PROPERTIES

Sarah Roy

Sarah Roy

Lic. RE Salesperson | License ID: 40RO1105903

+1(315) 725-6692

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405 Pond ST