Apartment for sale, 3401 South Salina Street, Onondaga County, NY, in Syracuse, United States

This property seems like a lucrative investment opportunity with its potential for high rental income. The fact that the owner has already made necessary repairs and painted the interior adds to its appeal. With two 3-bedroom apartments fetching an estimated rent of $1300 each, the gross annual income of $31,200 is promising. For prospective buyers, the option of obtaining a mortgage with a 25% down payment of $21,250 makes it accessible, and the potential to recoup the down payment within the first year due to the high rental income is quite attractive. Additionally, the property's amenities such as off-street parking, proximity to shopping areas, small backyard reducing maintenance, and its location near Route 81 entrance and only 2 miles from Syracuse University make it appealing for tenants, potentially ensuring consistent occupancy. Buyers are encouraged to consult with their agent or loan officer to assess the financial feasibility of this investment and to consider the potential for long-term returns. Overall, it appears to be a promising opportunity in the real estate market.