36 Unit Apartment Complex | 1310 Park St
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36 Unit Apartment Complex 1310 Park St
36 Unit Block of Flats £2,960,008 (£82,222/Unit) 6.50% Net Initial Yield Syracuse, NY 13208
Investment Highlights
- 100% occupancy has been consistent for over 3 straight years.
- Each Building has Washer and Dryers
- Newer high efficiency boilers in all 3 buildings
- Decks available for 2nd and 3rd floor units
Executive Summary
Established 36-unit apartment complex has a 100% occupancy 2022, 2023 and currently for 2024. Based on 2025 Proforma Expenses and actual occupancy of 100%, the asking price is at a 6.5% cap rate. This offering is priced at $105,083 per unit.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,960,008 | Building Class | C |
| Price Per Unit | £82,222 | Lot Size | 1.21 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| Net Initial Yield | 6.50% | Average Occupancy | 100% |
| No. Units | 36 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low Rise | Cross Streets | Danforth St |
| Price | £2,960,008 |
| Price Per Unit | £82,222 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| No. Units | 36 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.33/1,000 SF |
| Cross Streets | Danforth St |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 3 | £430.35 | 300 - 400 |
| 1+1 | 3 | £553.19 | 700 |
| 2+1 | 30 | £712.03 | 800 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 311500-007-000-0021-017-000-0000 | Total Assessment | £845,046 (2023) |
| Land Assessment | £39,201 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £805,845 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
311500-007-000-0021-017-000-0000
Land Assessment
£39,201 (2023)
Improvements Assessment
£805,845 (2023)
Total Assessment
£845,046 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025
zoning
| Zoning Code | 2 |
| 2 |
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36 Unit Apartment Complex | 1310 Park St
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