Turn-key Money Maker

105-07 Robert Drive Syracuse, NY 13210

105-07 Robert Drive, Syracuse, NY, 13210
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$450,000
Last Verified:
Aug 17, 2024

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Description

Welcome to this charming two-family, a proven income generator with a successful decade-long history as an Airbnb/rental property. This versatile home features two spacious apartments and a bonus room in the basement. It's perfect for investors or extended families.
The downstairs unit has a cozy living room and three bedrooms. The primary bedroom has its own luxurious full bath and hot tub. A second bath ensures comfort for all. The kitchen is a chef's delight, complete with an island ideal for dining.
Upstairs, the second unit offers a bright living room, three bedrooms, an eat-in kitchen, and a full bath, providing a warm and inviting space for guests or tenants.
In the basement, a shared laundry room with a washer, dryer, a convenient folding counter, and a third refrigerator add practicality and convenience.
Outside, there's an inviting area perfect for relaxation and entertainment. Comfortable chairs, a bench, and a gas grill make a great space for gatherings. A deck extends the living area outdoors. Parking is a snap - space for six cars-a 7th spot is next to the shed. Come see this rare find, blending comfort, convenience, and income potential in one delightful package!

Nestled in the heart of the thriving university market in Syracuse, NY, the area surrounding the property offers an enticing blend of academic vitality and urban convenience. With close proximity to esteemed institutions such as Syracuse University and SUNY College of Environmental Science and Forestry, the location boasts a steady demand for housing from students, faculty, and staff. Nearby, the lively neighborhood features an array of trendy eateries, cafes, and retail offerings, creating an appealing and walkable community for residents. Future-focused multifamily, Short Term and Student Rental investors will find the property's prime position in this bustling academic hub an attractive opportunity to capitalize on the consistent demand for modern, amenity-rich housing options in the university market.


Year Built: 1975
Building Size: 2677sq ft
Lot Size: 0.17 acres


Documents

105-07 Robert Dr Sale Brochure

Map of 105-07 Robert Drive, Syracuse, NY, 13210

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.