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Property Overview

Price/Rent PSF $ 759,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 13,526
Date Available 02/23/2021
Additional URL Link
Floors 2
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Description

Location
Auburn is a city in Cayuga County, New York, United States, located at the north end of Owasco Lake, one of the Finger Lakes, in Central New York. As of the 2010 census, the city had a population of 27,687.


The subject property is on the norther edge of Auburn's downtown city center near the intersection of Routes 20 and 34.

Sale
Prime Investment Opportunity!!!


Turn-key, low maintenance, ideal investment opportunity. This 12-Unit, multi-family property in Auburn, New York consists of: (12) 2Bd/1Bath. Beautifully remodeled units which boast an open layout and comprise of: wood flooring & tile throughout, in-unit HVAC system, stove, garbage disposal, and refrigerator. 24/7 laundry facility access on-site. The property is located a short distance from local amenities such as shopping, restaurants and entertainment. The property is 35-minutes away from downtown Syracuse. Major employers in the area include Currier Plastics, General Electric, Auburn Community Hospital, Nucor Steel, Tessy Plastics, Inc and many more.


Recent capital expenditures include newly repaved asphalt parking lot and driveway. Fully rehabbed and gutted units; finished with updated kitchens, breakfast bar, fixtures, flooring, walls and paint. 8 units upgraded to in-unit HVAC systems. Significant amount of capital invested into the property in 2019-2020. The property provides an intercom and doorbell system for tenant security and safety.

Location

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