About 406 Park Avenue
Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants. Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity. Please note the MLS address is incomplete. The property is located at 406 N Geddes St and Park Ave (corner of Park Ave and Geddes St)
Features of 406 Park Avenue
| MLS® # | S1697906 |
|---|---|
| Price | $300,000 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Square Footage | 4,655 |
| Square Footage | 9000 |
| Acres | 0.21 |
| Year Built | 1940 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 406 Park Avenue |
|---|---|
| Area | Syracuse City |
| Subdivision | West Side |
| City | Syracuse |
| County | Onondaga |
| State | NY |
| Zip Code | 13204 |
Amenities
| Utilities | Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Corner Lot, Rectangular, Rectangular Lot |
| Parking | Three or more Spaces, No Garage |
| Garages | Three or more Spaces, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Varies |
|---|---|
| Interior Features | Ceiling Fan(s) |
| Appliances | Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Other, See Remarks, Hot Water |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access, Sump Pump |
Exterior
| Exterior | Attic/Crawl Hatchway(s) Insulated, Block, Concrete, Copper Plumbing |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Corner Lot, Rectangular, Rectangular Lot |
| Roof | Asphalt |
| Construction | Attic/Crawl Hatchway(s) Insulated, Block, Concrete, Copper Plumbing |
School Information
| District | Syracuse |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Brick and Linen LLC |
|---|