Listing Details
/src/Template/Element/listing/actions.ctp (line 80)
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PublicRemarks => 'Welcome to 1000 Bellevue, a meticulously maintained property offering an exceptional investment opportunity. This 18-unit has been thoughtfully managed and optimized for a seamless transition. Extensive work has been done to enhance the property's value and reduce maintenance costs. The pro forma outlines significant revenue growth opportunities. With 16 2-bed units currently renting at $1,100, owner has converted 3 of them into 3 bed units, capturing market rents of $1,380. This leaves the remaining 13 units for the new owner. This will increase rental income by $$4,480 a month and $53,760. Additionally, $21,600 can be added from a basement storage area that can be built out for tenant use per $100 per unit. With a current NOI of $17900 and a pro forma NOI of $240,000, the property offers solid returns. Various cap rate scenarios ranging from 8%-9% present attractive investment options to buy with existing equity already built in. Don't miss this opportunity to acquire a turnkey investment with significant upside.'
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Listing Details
| Tax Assessment | $303,000.00 |
|---|---|
| Est. Annual Taxes | $23,584.00 |
| Water Source | Connected,Public |
| Sewer | Connected |
| Days on market | 54 |
| Cummulative Days on market | 0 |
| Type | Other Commercial Sale |
| Number of Units | 18 |
| Elementary School | Syracuse |
| Middle School | Syracuse |
| High School | Syracuse |
| Major Change | NewListing |
| Last Modified | Apr 24, 2024, 2:17 AM |
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Acquisition:
Income
Expenses
Financing
Results
Cash Investment
Income
Expenses
Net Operating Income
Loan Service
Cash Flow
Cap Rate
Cash-On-Cash
Property Description
Welcome to 1000 Bellevue, a meticulously maintained property offering an exceptional investment opportunity. This 18-unit has been thoughtfully managed and optimized for a seamless transition. Extensive work has been done to enhance the property's value and reduce maintenance costs. The pro forma outlines significant revenue growth opportunities. With 16 2-bed units currently renting at $1,100, owner has converted 3 of them into 3 bed units, capturing market rents of $1,380. This leaves the remaining 13 units for the new owner. This will increase rental income by $$4,480 a month and $53,760. Additionally, $21,600 can be added from a basement storage area that can be built out for tenant use per $100 per unit. With a current NOI of $17900 and a pro forma NOI of $240,000, the property offers solid returns. Various cap rate scenarios ranging from 8%-9% present attractive investment options to buy with existing equity already built in. Don't miss this opportunity to acquire a turnkey investment with significant upside.
Details
Utilities:
Sewer Connected, Water Connected
Appliances:
Appliances Negotiable, Gas Water Heater
Flooring:
Other, See Remarks
Basement:
Full, Partially Finished
Heating:
Gas, Forced Air
Exterior Features:
See Remarks
Construction Materials:
Brick
Lot Dimensions:
99 X74
Lot Size:
0.1682
Roof:
Flat
Sewer:
Connected
Water:
Connected, Public
Parking:
None, No Garage
Agnieszka Bajan
585 519-2139 agnieszka.bajan@gmail.com
If you'd like more information, please let me know how to contact you: