Syracuse, NY 13205,508 W Brighton AVE
Syracuse, NY 13205,508 W Brighton AVE
Syracuse, NY 13205,508 W Brighton AVE
39
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$2,850,000
Est. payment /mo
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38 Beds
11,088 SqFt
Pending

508 W Brighton AVE Syracuse, NY 13205

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 11,088 sqft

Price per Sqft $257

MLS Listing ID S1608313

Bedrooms 38

Construction Status Existing

HOA Y/N No

Year Built 1945

Annual Tax Amount $35,620

Lot Size 2.477 Acres

Acres 2.4773

Lot Dimensions 327X330

Property Sub-Type Other

Property Description

Welcome to Brighton Place Townhouses — an exceptional investment opportunity to
acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath
townhome-style units. Each unit includes both front and rear entrances, a spacious
living room with hardwood floors, and a full kitchen on the main level. Upstairs, you'll
find two bedrooms and a full bathroom.
Every unit also includes a private basement along with individual furnaces, water
heaters, and separate gas and electric meters. Tenants are responsible for their own
utilities, with the exception of water and sewer. The property offers ample parking for all
residents, plus 14 garage bays.
The complex benefits from stable occupancy, and over two-thirds of the rental income is
guaranteed through subsidies. Significant upside exists in raising rents, and a
fresh Certificate of Compliance has just been issued.

Offered at $2.85M, this investment delivers a strong 10% cap rate.

Location

State NY

County Onondaga

Area Syracuse City-311500

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Hardwood, Varies

Fireplace No

Appliance Gas Cooktop, Gas Water Heater, Refrigerator

Exterior

Exterior Feature Gravel Driveway

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Wood Siding

Construction Status Existing

Schools

School District Syracuse

Others

Senior Community No

Tax ID 311500-078-000-0011-010-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1608313

Listed by Acropolis Realty Group LLC

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 7

    Syracuse Academy of Science Charter School

    Public | KG - 12

  • 5

    Onondaga Hill Middle School

    Public | 5 - 8

  • 5

    Southside Academy Charter School

    Public | KG - 8

  • 5

    Franklin Elementary School

    Public | PK - 5

  • 4

    Roberts K-8 School

    Public | PK - 8

  • 4

    Van Duyn Elementary School

    Public | PK - 5

  • 4

    Edward Smith K-8 School

    Public | PK - 8

  • 4

    Hurlbut W Smith K-8 School

    Public | KG - 8

  • 4

    Huntington K-8 School

    Public | PK - 8

  • 2

    Seymour Dual Language Academy

    Public | PK - 5

  • 1

    Porter Elementary School

    Public | PK - 6

  • 1

    Frazer K-8 School

    Public | PK - 8

  • 1

    Delaware Academy

    Public | PK - 5

  • 1

    Bellevue Elementary School

    Public | PK - 5

  • 1

    Meachem Elementary School

    Public | PK - 9

  • 1

    Dr King Elementary School

    Public | PK - 6

  • 1

    McKinley-Brighton Elementary School

    Public | PK - 6

  • 1

    Hughes Elementary School

    Public | PK - 8

  • 1

    Dr Weeks Elementary School

    Public | PK - 5

  • 0

    Parkview Jr Academy

    Private | KG - 9

Middle Schools 4
  • 5

    Expeditionary Learning Middle School

    Public | 6 - 8

  • 2

    Clary Middle School

    Public | 6 - 8

  • 1

    Westside Academy at Blodgett

    Public | 6 - 8

  • 1

    Danforth Middle School

    Public | 6 - 8

High Schools 4
  • 5

    Institute of Technology at Syracuse Central

    Public | 9 - 12

  • 1

    Corcoran High School

    Public | 9 - 12

  • 1

    Henninger High School

    Public | 9 - 12

  • 0

    Fowler High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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