Charles Minkel
BEDS6
BATHS3 full 1 partial
SQUARE FEET6,638
MLS#S1695711
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSyracuse
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.Gross monthly rent $4,000 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.
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: 8
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
Listed By / Shown By
Listing By
Agency Name: Hunt Real Estate ERA
Agency Phone: 315-699-3200
Shown By
Agent Name: Charles Minkel
Agent Phone: (716) 628-3489
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 1,444.19 per month $798.98 Principal & Interest $540.50 Property Tax $104.71 Homeowner's InsuranceChange Payment Information
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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 cminkel.mjpeterson.com today.