Robert Kennedy

405 Pond Street, Syracuse, NY 13208

New

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Property Description

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month. Recent capital improvements include a new roof and three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

405 Pond Street | MLS# S1695711

This multi-family property located at 405 Pond Street, Syracuse, NY 13208 is currently listed for sale with an asking price of $359,000. Pond Street is located within the Syracuse school district. Search Syracuse real estate on robert-kennedy.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Baseboard, Forced Air, Hot Water
Lot Size: 0.08 Acres
Roof Type: Architectural, Shingle
Stories: 3.0
Taxes: $6,486
Year Built: 1940

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 4
Exterior: Brick, Vinyl Siding, Copper Plumbing
Flooring: Hardwood, Resilient, Varies
Lot: Irregular Lot, Near Public Transit
Lot Dimensions: 33X99
Parcel#: 311500-007-000-0030-030-000-0000
Parking: Paved, Parking Available, Two or More Spaces
Parking Notes: Paved, Parking Available, Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Syracuse

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Estimated Payment

$ 1,444.19 per month $798.98 Principal & Interest $540.50 Property Tax $104.71 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Hunt Real Estate ERA
Agency Phone: 315-699-3200

Shown By

Agent Name: Robert Kennedy
Agent Phone: (917) 697-3469 Cell
Agency Title: Timberland Properties

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