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Snowdon Apartments 408 James St 163 Unit Apartment Building $8,065,364 CAD ($49,481 CAD/Unit) Syracuse, NY 13203
Investment Highlights
- 175 unit apartment building with off-street parking.
- By converting the building to 94 conventional residential units presents a strong value-add and long-term stabilization strategy.
- Well protected with security cameras, emergency doors with alarms, fob access, and there is an alarm system for the sprinklers.
- Comprised of a mix of traditional residential apartments and SRO units, with the majority being SRO units.
- Building is fully sprinklered with a dissolvable ceiling so you can't see them.
- Additional parcels involved in sale 106 Burnet Ave; Tax Map: 103.-08-02.1 an off-street surface parking lot with 30 spaces.
Executive Summary
For sale is a six-story 175 unit apartment building with off-street parking. The property currently consists of 175 units, comprised of a mix of traditional residential apartments and SRO units, with the majority being SRO units that feature shared kitchens and bathrooms. By converting the building to 94 conventional residential units presents a strong value-add and long-term stabilization strategy. Building is fully sprinklered with a dissolvable ceiling so you can't see them. Well protected with security cameras, emergency doors with alarms, fob access, and there is an alarm system for the sprinklers. Additional parcels involved in sale 106 Burnet Ave; Tax Map: 103.-08-02.1 an off-street surface parking lot with 30 spaces.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Laundry Facilities
- Furnished Units Available
- Laundry Service
- Trash Pickup - Curbside
- Elevator
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 410 |
| 1+1 | 14 | - | 650 |
| 2+1 | 7 | - | 940 |
| Studios | 122 | - | - |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 311500-103-000-0003-001-000-0000 | Improvements Assessment | $2,876,215 CAD |
| Land Assessment | $169,926 CAD | Total Assessment | $3,046,141 CAD |
Property Taxes
Parcel Number
311500-103-000-0003-001-000-0000
Land Assessment
$169,926 CAD
Improvements Assessment
$2,876,215 CAD
Total Assessment
$3,046,141 CAD
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Snowdon Apartments | 408 James St
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