309 Curtis St S, Syracuse, NY 13208

Rare opportunity to own a 12-unit apartment building fully occupied with zero delinquency. This property has been completely renovated and is being sold at a 10.50% cap rate. Current ownership has spent significant capital renovating every unit, installing a new master boiler system, new mechanicals, exterior porches, exterior siding and much more. All units are on individual leases backed by Catholic Charities through the Refugee Resettlement Program for guaranteed rental income. Even if a unit is vacant, Catholic Charities will still pay rent on it producing rent 100% of the time with zero delinquency or vacancy. This is a very easy property for the Property Manager to manage so they would like to stay on in the event that the new owner is in need of a great property manager. Each unit has their own electric meter and pays their own electric. Property is on master boiler, Landlord pays for water/sewer and heat.