1159 Bellevue Ave Syracuse, NY 13204
Property details
About 1159 Bellevue Ave
10 unit apartment building for sale. Close to Western Lights Plaza consisting of Wegmans, Walgreens, Bank of America, Price Chopper, Valu Home Center and dozens of other retailers and restaurants. This property primarily consists of 1 & 2 bedroom units. 9 of the 10 units are rented with one unit left vacant for showing purposes. 6 of the units are rented by Catholic Charities for guaranteed income while the other units are a mix of cash payers and other voucher programs. The property brings in ~$125,000 in annual income with the opportunity to bring rents to market rate through varies interior renovations, renting out the 10 storage units in the lower level and also equip the laundry room with coin operated washer and dryers at it is currently empty. Each tenant pays their own electrical and the landlord pays for heat, water/sewer and the house meter for common areas. Annual expenses are ~$41,000 giving you an NOI of $80,000 after vacancy factor valuing this property at $700,000 or an 11.5% cap rate. A phenomenal opportunity to recognize strong cashflow day one with upside to the bottom line.
Highlights
Virtual tour
Summary
- MLS Number: S1590220
- MLS Name: NYS
- Office Name: Hunt Real Estate ERA
- Office Phone: (315) 682-7197
- Listing Agent: Dante Belmonte
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Last updated on: 3/6/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$700,000
1159 Bellevue Ave
$8,313
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Bellevue Elementary School
Public District PK-5
0.2 mi
•530 Stolp Ave
2
Delaware Primary School
Public District PK-5
0.4 mi
•900 S Geddes St
2
Seymour Dual Language Academy
Public District PK-5
1.0 mi
•108 Shonnard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,000. Typical income of Syracuse, NY residents is less than $<35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
College Basketball
Soccer
Horse Races
Where do the neighbors shop?
Dillards
Forever 21
Stein Mart
Where do the neighbors go to eat?
Logan's Roadhouse
Dominos Pizza
LongHorn Steakhouse
What do the neighbors drive?
Hyundai
Mazda
Buick
What do the neighbors listen to?
Rock
Rhythmic Contemporary Hits
Contemporary Inspirational
Frequently asked questions
About 1159 Bellevue Ave
This home is located at 1159 Bellevue Ave in Syracuse, NY and zip code 13207 in the Southside Syracuse neighborhood. This 8,904 square foot home, which was built in 1975, sits on a 0.18 acre lot. Features: 10 bedrooms, 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $700,000.
In February 2025, from all listings sold in Syracuse, NY there were more than 42 sold above asking price, over 29 sold below and more than 11 were sold right at the asked price. The number of listings in Syracuse, NY decreased by 14.1% between January and February 2025. The median list price of listings available in February 2025 was $190,000, while the average time on the real estate market was 24 days.