About 405 Pond Street
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.
Features of 405 Pond Street
| MLS® # | S1695711 |
|---|---|
| Price | $354,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 6,638 |
| Square Footage | 3267 |
| Acres | 0.08 |
| Year Built | 1940 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 405 Pond Street |
|---|---|
| Area | Syracuse City |
| Subdivision | Northside |
| City | Syracuse |
| County | Onondaga |
| State | NY |
| Zip Code | 13208 |
Amenities
| Utilities | Cable Available, Sewer Connected, Water Connected, Trash Collection, Water |
|---|---|
| Features | Irregular Lot, Near Public Transit |
| Parking | Paved, Parking Available, Two or More Spaces |
| Garages | Paved, Parking Available, Two or More Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Resilient, Varies |
|---|---|
| Appliances | Gas Water Heater |
| Heating | Gas, Baseboard, Forced Air, Hot Water |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick, Vinyl Siding, Copper Plumbing |
|---|---|
| Lot Description | Irregular Lot, Near Public Transit |
| Roof | Architectural, Shingle |
| Construction | Brick, Vinyl Siding, Copper Plumbing |
| Foundation | Block, Stone |
School Information
| District | Syracuse |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Hunt Real Estate ERA |
|---|