106 Garden City Dr, Salina

$175,000

0 Beds
0 Baths
2,300 Sqft
.2 Acres
0 Garages

Cash flow is the name of the game! The rents on this property are grossly under market rate. All units are separate metered for electricity and gas. 3 separate buildings. Front duplex roof age is 3 years old. Middle Cottage is unknown. Back building roof is 9 months old. This property currently performs at a 8.40% cap rate if purchased at $175,000 with rents staying unchanged, leaving out no expenses at all with a 10.90% Cash-On-Cash return. 
When rents are at market rate, property will perform at 10.72% cap rate and 19.15% Cash-On-Cash return. Contact listing agent for financials and lease contracts. Property is 100% occupied. All tenants are on month-month leases. Turn key property.

Essential Information
MLS® #S1252949
Price$175,000
Bathrooms0.00
Square Footage2,300
Square Footage8500.00
Acres0.20
Year Built1940
TypeResidential
Sub-TypeMulti Family
StatusActive
Community Information
Address106 Garden City Dr
AreaSalina
CitySalina
CountyOnondaga
StateNY - New York
Zip Code13211
Amenities
FeaturesResidential Lot
Utilities

Sewer Connected, Gardener, Snow Removal, Water

Interior
InteriorCarpet, Hardwood, Laminate
HeatingGas, Forced Air
# of Stories2
Has BasementYes
BasementFull
Exterior
ExteriorWood Siding
Lot DescriptionResidential Lot
ConstructionWood Siding
FoundationBlock
School Information
DistrictNorth Syracuse
Additional Information
HOA Fees0.00
Listing Details
Courtesy of Hunt Real Estate ERA
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