229 Hier Ave
50% leased with upside in rents
Marketing description
• Located in Syracuse, one of Central New York’s largest rental markets
• Convenient access to Downtown Syracuse, major employers, healthcare facilities, shopping, and dining
• Easy connectivity to Interstate 81 and Interstate 690, providing access throughout the Syracuse metropolitan area
• Positioned near public transportation routes, supporting tenant demand
• Benefiting from continued regional investment and economic development throughout the Syracuse market
• Strong rental demand driven by healthcare, education, manufacturing, and technology employment sectors
• Located within minutes of major institutions including Syracuse University, SUNY Upstate Medical University, and Downtown Syracuse employers
• Syracuse continues to experience increased investor interest due to affordable acquisition costs and attractive rental yields compared to many Northeast markets
Investment highlights
• Duplex consisting of one 2 Bed / 1 Bath unit and one 1 Bed / 1 Bath unit
• Separate gas and electric utilities for each unit, reducing landlord expenses
• Current rental registry in place
• Long-term tenant of approximately 20 years occupying the front unit, providing proven tenancy stability
• Front unit and exterior have been exceptionally maintained throughout ownership
• Durable, low-maintenance vinyl siding
• Rear unit delivered vacant, creating immediate value-add potential through renovations and lease-up
• Opportunity to increase cash flow by bringing the vacant unit to market rent
• Ideal for investors seeking a value-add asset or owner-occupants looking to offset living expenses
• Strong fundamentals with upside through improved operations and rental growth
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