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1312 Butternut St
Syracuse, NY 13208
Multifamily Property For Sale
·
48 Units
Investment Highlights
- Actual NOI $267,865
- Excellent occupancy
- Potential remaining for rent increase
- Many units updated and refreshed
- Convenient central location
Executive Summary
Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings with 48 units benefit from strong rental demand, easy access to public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright and airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increase need for workforce housing with this well-established and reliable complex.
Property Facts
| Price Per Unit | $105,895 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.35% | Lot Size | 1.60 AC |
| Gross Rent Multiplier | 6.97 | Building Size | 41,991 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | 002 - Residential | ||
| Price Per Unit | $105,895 CAD |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Gross Rent Multiplier | 6.97 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.60 AC |
| Building Size | 41,991 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | 002 - Residential |
Amenities
Unit Amenities
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $1,067 CAD | - |
| 2+1 | 32 | $1,464 CAD | - |
| Studios | 3 | $1,081 CAD | - |
Property Taxes
| Parcel Number | 311500-010-000-0017-009-000-0000 | Improvements Assessment | $1,069,005 CAD |
| Land Assessment | $184,551 CAD | Total Assessment | $1,253,556 CAD |
Property Taxes
Parcel Number
311500-010-000-0017-009-000-0000
Land Assessment
$184,551 CAD
Improvements Assessment
$1,069,005 CAD
Total Assessment
$1,253,556 CAD
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