Gabriella Mangovski, Listing Office: Hunt Real Estate Era
$2,374
closing credit¹
2851 Milton Ave Geddes, NY 13209
Property details
About 2851 Milton Ave
This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor that is rented for $1,200/mo. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!), vinyl siding, and no basement.
Highlights
Virtual tour
Summary
- MLS Number: S1581751
- MLS Name: NYS
- Office Name: Acropolis Realty Group LLC
- Office Phone: (315) 396-0493
- Office Email: sfcase@gmail.com
- Listing Agent: Christopher Newman
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Last updated on: 1/30/2025, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$199,900
2851 Milton Ave
$2,374
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Solvay Elementary School
Public District KG-4
0.9 mi
•701 Woods Rd
5
Cherry Road Elementary School
Public District 2-4
1.4 mi
•201 Cherry Rd
5
Onondaga Road Elementary School
Public District KG-4
1.4 mi
•703 S Onondaga Rd
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 $32,347. Most Geddes, NY residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
Similar homes for sale
This home is located at 2851 Milton Ave in Geddes, NY and zip code 13209. This 1,488 square foot home, which was built in 1991, sits on a 0.13 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $199,900.
Geddes, NY housing market in December 2024 saw over 11 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. Between November and December 2024, Geddes, NY real estate market has seen decrease in the number of listings by 29.3%. In December 2024, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $220,000.