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3401 South Salina Street, Syracuse, NY 13205

For Sale

$100,000

6 beds • 2 baths • 2,844 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 1931
    Year built

  • $35.16
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# s1523904

Listed By CENTURY 21 Tucci Realty

Property Features

  • Age
    Over 50 Years Old
  • Basement
    Full
  • Flooring
    Hardwood
  • Heating - Fuel Type
    Gas
  • Heating Type
    Forced Air
  • Lot Size
    Under 1/2 Acre, 0.27 Acres
  • Roof
    Asphalt Shingle Roof
  • Sewer
    Public
  • Style
    2 Story
  • Water
    City Water

Map and Directions

Directions to 3401 South Salina Street, Syracuse, NY 13205

Home seller Meet the Agent,
George C. Congel

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

George C. Congel

of CENTURY 21 Tucci Realty

(315) 569-4342
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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