544 Valley Drive, Syracuse, NY 13207

Rare opportunity to own a 6 unit building all under one (new) roof with a 4 car garage for additional income. There are 2 - one bedroom units and 4 - two bedroom units. Each unit has its own boiler, hot water tank and is separately metered for gas and electric. Owner pays water and sewer as well for common area electrical for lighting. Plenty of off-street parking out back. Many upgrades throughout. Building is currently being sold at a 10.35% cap rate based on current income and expenses. 1 bedroom rents currently average $750 with market rents being around $950+. 2 bedroom rents are currently averaging $975 with market rents being around $1,050+. Lots of room for income growth with this property and priced well below replacement cost.