About 405 Cogswell Avenue
Historically high occupancy, very low vacancy, consistent rental demand, and additional upside potential make this 6-unit Solvay property a strong addition to an investment portfolio. The property is currently 100% occupied, generating $6,635 in gross monthly rent and $79,620 in gross annual rental income. Several units are currently rented below prevailing market rates, creating an opportunity for future income growth as leases turn over and rents are adjusted over time. Each tenant pays their own apartment utilities, including heat, electric and cable. Connections to Route 690, Fairmount retail centers, Downtown Syracuse, area hospitals and major employers. 405 Cogswell Ave offers an attractive opportunity for investors seeking both current cash flow and future income growth.
Features of 405 Cogswell Avenue
| MLS® # | S1704002 |
|---|---|
| Price | $649,000 |
| Bedrooms | 6 |
| Bathrooms | 0.00 |
| Square Footage | 7,898 |
| Acres | 0.14 |
| Year Built | 1960 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 405 Cogswell Avenue |
|---|---|
| Area | Solvay-Village |
| City | Geddes |
| County | Onondaga |
| State | NY |
| Zip Code | 13209 |
Amenities
| Utilities | Sewer Connected, Water Connected, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Rectangular, Rectangular Lot, Residential Lot |
| Parking | Two Spaces, No Garage |
| Garages | Two Spaces, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Varies, Vinyl |
|---|---|
| Appliances | Electric Water Heater, See Remarks |
| Heating | Baseboard, Electric |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Aluminum Siding, Brick, Frame |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Rectangular, Rectangular Lot, Residential Lot |
| Roof | Architectural, Shingle |
| Construction | Aluminum Siding, Brick, Frame |
School Information
| District | Solvay |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Hunt Real Estate ERA |
|---|