1312 Butternut Street
- Actual NOI $267,865
- Many units updated and refreshed
- Excellent occupancy
- Convenient central location
- Potential remaining for rent increase
Property Description
Available for sale is the newly-renovated and stabilized Butternut by the Park complex! Centrally located in the city of Syracuse, these buildings benefit from strong rental demand, ease of public transportation, a well-established neighborhood, and immediate proximity to Schiller Park. Plenty of parking, bright airy units, refreshed wood floors and many updated kitchens and baths are offered to tenants at attractive prices, though there remains room for improvement. Benefit from Syracuse's growth and increased need for workforce housing with this well-established and reliable complex.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,299,990 |
| No. of Units: | 48 |
| Average Occupancy: | 8.12 |
| Year Built: | 1960 |
| Lot Size: | 1.60 Acres |
| Opportunity Zone: | No |
| Price per unit: | $68,750 |
| Property Website | Click Here |
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