111 Pond Street #13
Syracuse, NY 13208

Investors, roll up your sleeves! This brick mixed-use property on the Northside is a great opportunity to build “sweat equity” in a solid building that is already cashflowing. The storefront was renovated in 2018 and is rented to a barber shop for $850/mo on a long-term lease until 2028. Apartment 2 is a 1-bedroom unit with updated kitchen, bathroom, and hardwood floors rented for $650/mo. Apartment 3 needs some minor TLC and is being left vacant; it features 2 spacious bedrooms, hardwood floors throughout, and newer appliances. Apartment 4 has been framed in for a 2-bedroom floorplan but has yet to be completed – the current owner has obtained a permit from the city for construction and most building material is already onsite. The property is situated on a large double-wide lot with a partially fenced-in side yard which can be utilized for additional parking. This is also a great candidate for an FHA 203k renovation loan – finance your rehab costs while living in one apartment for free and collecting rent!