Listed by Yaman Commercial
$3,645,000
Butternut by the Park
Details
APN 311500-010-000-0017-009-000-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 41,991
Units 48
Price per SqFt $87
Year Built 1960
Stories 3
Acreage 1.800
Zoning 002
Sale Condition For sale by owner
Multifamily | 48 Units | $75,938/unit
Marketing description
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 increased
need for workforce housing with this well-established and reliable complex.
Investment highlights
- Actual NOI $267,865
- Many units updated and refreshed
- Excellent occupancy
- Convenient central location
- Potential remaining for rent increase
Listing Contacts
Listed by Yaman Commercial
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