Faith & Hope Manor apartments is a multifamily value-add investment opportunity located in Syracuse, NY. The property consists of two identical buildings with 30 units in each building. The unit mix is comprised of 14 studios, 32 one-bedrooms and 14 two-bedrooms. Tenants pay all their own utilities. There is immediate rental upside opportunity by pushing rents up to market and making use of the existing laundry facilities. The new owner will also have the ability to extract additional rent premiums through interior and exterior renovation programs. It is a qualified Opportunity Fund Investment which allows an investor to reinvest capital gains from the sale of real estate or another investment for capital gains tax advantages.
|Property Name:||Faith & Hope Manor Apartments|
|Building Size:||43,648 ±SF|