Well Maintained 8 Family
with Parking!

2454 Reynolds Road
East Syracuse, NY 13066
Listing Number: 11
To View This Property Call:
Greg Norman
- Owner / Manager
TRP Properties, Inc.
Work: 789-876-9873
Cell: 789-876-9872
Home: 789-876-5678
Fax: 789-876-4445
E-Mail: greg@trpproperties.com
Visit: TRPproperties.com





Price: $290,000 Property Taxes: $12,000
Square Footage: 9,600 Year Built: 1989
Exterior: Brick & Cedar School District Syracuse
Type of Heat: Gas Forced Hot Air Central Air: Yes
Monthly Utility Budget: $195 Tax Map ID: 198-4-A5

Number of Units: 8 Bedrooms: 14
Bathrooms: 8 Acreage: 0.60
Lot Size: 150 x 175 x 150 x 175 Handicap Accessible: Yes
Survey: Yes Net Operating Income: $28,706
Gross Operating Income: $58,854 Capitalization Rate: 9.90%
Property Description:
This modern 8 family apartment building has 2 bedrooms per unit and is always rented! Each apartment offers 1400 square feet of living space and is comprised of 2 bedrooms, 1.5 baths, an eat-in kitchen, living room, dining area and basement storage. All units are furnished with newer appliances including stove, dishwashers and refrigerators. Parking for 2 cars per unit is located in front of the building. A coin-operated laundry is in the basement. For more information, please contact Owner, Greg Norman at 789-876-9872. (This is a sample listing - you may use this marketing section to describe your property in detail.)

Click Here for a Map
Special Features and Improvements:
Annual Income
Bdrms Monthly Annual Rent
Unit 1: 2 $600 $7,200
Unit 2: 2 $600 $7,200
Unit 3: 2 $600 $7,200
Unit 4: 2 $600 $7,200
Unit 5: 2 $600 $7,200
Unit 6: 2 $600 $7,200
Unit 7: 2 $600 $7,200
Unit 8: 2 $600 $7,200


Total Annual Rental Income: $57,600
Total Combined Annual Income:
$58,854
Total Annual Expenses:
$30,148
Net Operating Income:
$28,706
Capitalization Rate:
9.90%
Type of Foundation: Full, Poured Concrete

Utilities Paid By Landlord: City Water, Electric, Lawn Care

Utilities Paid By Tenant: Cable, Direct Internet Access, Electric, Gas, Sewer, Telephone

Appliances Included: 8 Stoves, Refrigerators & Dishwashers

Furniture & Fixtures Included:
No Furniture Included

Laundry: Coin operated in basement

Special Financing: Owner will finance with 30% down, 8% interest, 15 year amortization

Parking: 2 parking spaces per unit, visitor parking nearby

Service & Amenities Available: Tennis Court

Nearby Activities: Shopping Center, County Library and Park
Annual Expenses
Vacancy:
$1,800
Taxes:
$12,762
Insurance:
$1,500
Management:
$3,456
Electric:
$600
Water and Sewer:
$1,455
Garbage:
$600
Repairs & Maintenance:
$3,500
Lawncare:
$675
Snow Removal:
$500
Replacement Reserves:
$3,000
Advertising:
$300


Total Annual Expeses: $30,148
Other Annual Income
Laundry
$1,254


Total Annual Other Income: $1,254

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