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20720514
20720515

101 Waldorf Pkwy, Syracuse, NY 13224

DM
NY NY10301206321
University Hill Realty
Listed by University Hill Realty
$1,900,000
653 days on market
Updated 102 days ago

15 Unit Suburban Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Units 15
Cap Rate 7.17%
NOI $136,189
Class B
Year Built 1975
Buildings 3
Stories 3
Lot Size (SqFt) 27,443
Investment Type Stabilized

Suburban Apartments New Roof Close to University and route to Micron

Marketing description

For Sale: Prime 15-Unit Apartment Building in DeWitt, NY

An exceptional investment opportunity awaits in the heart of DeWitt, New York! This 15-unit, three-story apartment building is nestled in a quiet cul-de-sac within one of the area’s most desirable school districts. Ideal for investors or those looking to expand their property portfolio, this well-maintained building offers a unique blend of convenience, comfort, and potential for long-term returns.

Key Features

  • Premium Location: Just 4-5 minutes from Syracuse University, this property is perfectly situated for easy access to all that the university and surrounding area have to offer. The building is also boasts easy access to Interstate 81 and is close to public transportation, making commutes and travel easy and efficient.

  • Quiet Residential Setting: Located on a tranquil cul-de-sac, the building provides residents with a peaceful living environment, while still being just minutes away from restaurants, shopping, and essential services.

  • Excellent School District. This property is within one of DeWitt’s most sought-after school systems, enhancing its appeal to families and ensuring steady demand from tenants.

  • Ample Parking. The building features plenty of on-site parking, a rare find in such a prime location. Residents will appreciate the convenience and security of having dedicated parking spaces.

  • Recent and Upcoming Upgrades. All roofing and sidewalks/walkways are scheduled for replacement in 2024, ensuring the property remains in top condition and minimizing future maintenance costs.

Investment Potential:

This property offers a rare combination of a prime location, desirable amenities, and significant upcoming improvements, making it an excellent opportunity for both seasoned investors and those new to the market. With its proximity to Syracuse University and the high-demand DeWitt area, this building is positioned for strong rental income and potential appreciation.

Don’t miss the chance to own this standout property in DeWitt, NY. Contact us today to learn more or schedule a viewing.

Listing Contacts

DM
NY NY10301206321
University Hill Realty
Listed by University Hill Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,189.00
$11,349.08/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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Additional Information

Name
Dan Murphy
License
NY10301206321
Brokerage
University Hill Realty Ltd.
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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