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Michael Slusser

michael@michaelslusser.com +1(680) 310-9567

$ 1,270,000

Est. payment -/mo

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Active Under Contract

1265 W Genesee ST Syracuse, NY 13204

16 Beds

13,167 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 13,167 sqft

Price per Sqft $96

Subdivision Sackett

MLS Listing ID S1714087

Bedrooms 16

Construction Status Existing

HOA Y/N No

Year Built 1940

Annual Tax Amount $24,550

Lot Size 9,500 Sqft

Acres 0.2181

Lot Dimensions 100X95

Property Sub-Type Other

Property Description

ATTENTION MULTIFAMILY INVESTORS! Opportunity awaits at 1265 W Genesee Street on Syracuse's West Side! This 21-UNIT APARTMENT COMPLEX offers the size, location, improvements, and multiple income streams investors are looking for. Conveniently located just minutes from Downtown Syracuse, this three-story building sits on a 0.22-acre lot and features recently renovated units throughout. A major investment advantage TENANTS HAVE INDIVIDUAL UTILITY BILLS, with electric baseboard heat and individual A/C units, helping reduce owner-paid utility expenses. Public utilities service the property. Designed with convenience in mind, the property features a U-shaped driveway providing easy ingress and egress, plus a designated rear parking lot for tenants. Additional revenue opportunities include on-site coin-operated laundry and storage units available for additional monthly income. Built in 1940 and positioned in an established Syracuse rental market, this 21-unit property offers an opportunity to acquire a substantial multifamily asset with renovated units, tenant-paid utilities, parking, and supplemental income sources already in place. ADD 21 UNITS TO YOUR PORTFOLIO IN ONE TRANSACTION! Whether you're expanding an established multifamily portfolio or seeking your next investment opportunity, 1265 W Genesee Street deserves a closer look. The opportunity is here—this could be just the beginning!

Location

State NY

County Onondaga

Community Sackett

Area Syracuse City-311500

Direction Take I-81 to Exit 5B-5A-4B Hiawatha Blvd to 690 W Exit 22. Right on Bear Street W, Left on Liberty Street, Right on W Genesee Street property is on the Left just before Harrison Bakery

Rooms

Basement Full

Interior

Heating Electric, Gas, Baseboard

Flooring Carpet, Luxury Vinyl, Resilient, Tile, Varies

Fireplace No

Appliance Electric Cooktop, Electric Water Heater, Gas Water Heater, Refrigerator

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway

Community Features Laundry Facilities

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Garage No

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Aluminum Siding,Vinyl Siding,Wood Siding

Construction Status Existing

Schools

School District Syracuse

Others

Senior Community No

Tax ID 311500-108-002-0007-002-000-0000

Acceptable Financing Cash, Other, See Remarks

Listing Terms Cash, Other, See Remarks

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1714087

Listed by Candy Costa Real Estate LLC