5 + Unit Apartments - Syracuse, NY
The Woodruff House, a 5 unit apartment building that was completely re-built in the 1980's, is located in the heart of the thriving and historic Hawley Green neighborhood. Once the home of Colonel Woodruff in the 1880's, this building was beautifully transformed by its current owner into what you see today. Pride of 40+ years of ownership shows throughout both the stunning exterior, and the 4 one bedroom and 1 two bedroom units. Three units are on year leases, one is on a short term lease, and one has been left vacant for ease of showing, or for an owner occupant, and is being used as an air bnb for the time being. Highlights relating to the condition include a 1 year old roof, vinyl windows, a high efficiency boiler system, a lovely lighted back patio enclosed by a fully fenced yard, fire escape, composite treads on the front steps, gleaming hardwood floors and more. Grossing over $6,000 per month and being sold at a 10+ cap rate, this will serve as a highly effective investment vehicle with excellent returns. This historic building on the north side of the city is minutes to highways, hospitals, Syracuse University, downtown Syracuse and not far from the new Micron facility.