520 Otisco ST Syracuse, NY 13204
7 Beds
2 Baths
2,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $41
Subdivision City/Syracuse
MLS Listing ID S1717312
Style Duplex
Bedrooms 7
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Lot Size 2,970 Sqft
Acres 0.0682
Lot Dimensions 33X90
Property Sub-Type Multi Family
Property Description
The property features a new roof and new mechanical systems, including furnaces and hot water tanks. Significant repairs and renovations are needed, making this an excellent opportunity for buyers ready to bring their vision and transform the property into an income-producing investment.
ADDITIONAL OPPORTUNITY: 522 OTISCO STREET VACANT LOT
The adjoining vacant lot at 522 Otisco Street is a separate tax parcel and is available for purchase separately or potentially together with the house at 520 Otisco Street. This additional parcel offers potential for future development or other investment uses, subject to zoning, approvals, and applicable regulations. Purchasing both properties could provide an opportunity to expand your investment and explore additional possibilities. the lot sold separately or possibly together not offered in this listing price.
LOCATION WITH POTENTIAL FOR GROWTH
Located directly across from an elementary school, between downtown Syracuse and the Far West Side, this property sits within a pocket of renovated properties with potential for continued neighborhood investment and revitalization.
INVESTMENT POTENTIAL
Once renovated, the two apartments could potentially generate close to $3,000 per month in combined rental income, conservatively estimated and subject to market conditions. The additional lot at 522 Otisco Street provides another potential avenue for investment.
Whether you're an experienced investor, a contractor looking for your next project, or a buyer seeking a property with significant upside, 520 Otisco Street presents an opportunity to create value through renovation.
The listing broker is the property owner.
Location
State NY
County Onondaga
Community City/Syracuse
Area Syracuse City-311500
Rooms
Basement Full
Interior
Heating Gas, Forced Air, Gravity
Flooring Hardwood, Other, See Remarks, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Balcony
Utilities Available Sewer Connected, Water Available
Porch Balcony
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Connected
Water Not Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Frame,Vinyl Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-100-000-0011-022-000-0000
Acceptable Financing Cash, Conventional, Rehab Financing
Listing Terms Cash, Conventional, Rehab Financing
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1717312