3 months on rocket

Backup Offers

1148 Cannon St Unit 50, Syracuse, NY, 13205

$140,000

Home List Price

$1,663*

Closing Credit

8 Bedrooms
3 Full Baths
2,592 SqFt
$54/SqFt
Multi

Location

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1148 Cannon St Unit 50, Syracuse$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingTwo or More Spaces
Year Built1900
HeatingNatural Gas, Forced Air
BasementYes
MLS #S1560008
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1148 Cannon St Unit 50

Boasting an 18% Cap Rate, do not miss out on this highly profitable Syracuse duplex. 1148-1150 Cannon St. is a prime investment opportunity ready to generate income from day one. This property has recently undergone key improvements, including a fully renovated bathroom, making it even more attractive to tenants. Currently grossing $2,500 monthly in rent, this property promises a strong cash flow, appealing to real estate investors looking to expand their portfolio with a hassle-free, income-generating asset. Don't miss out on securing a property with solid returns in a thriving market.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1900
  • Stories: 2
  • Living Area: 2,592 SqFt

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 276-0630
  • Listing Agent: Ian Wheatley

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood, Laminate, Varies
  • Interior: Attic

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: Two or More Spaces

Virtual/3D Tour

  • Virtual Tour: 1148 Cannon St Unit 50
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Salina Street, take W Ostrander Ave to Cannon Street. Take a right onto Cannon Street, the home will be to your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000
  • Price Per SqFt: $54/SqFt
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Housing Market Comparison

See how this home compares to others in Syracuse, NY.

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Syracuse, NY

City

Med. Sold Price

$179.9K

Med. Price/SqFt

$123

Avg. Days On Market

13

# of Sold Homes

149

1148 Cannon St Unit 50 vs Syracuse

94 DAYS ON ROCKET

+81 Days

$140,000

-$39.9K Less

$54/SqFt

-$69 Less

KEY TAKEAWAY

This property is $39.9K less than the Median Sold Price and $69/SqFt less than other homes in Syracuse, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #S1560008

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 276-0630
  • Listing Agent: Ian Wheatley

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/23/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-849695
2
/10

  • McKinley-Brighton Elementary School

  • 141 W Newell St

  • 0.21 miles

  • Public District Grades PK-5

school-card-donut-849696
1
/10

  • Van Duyn Elementary School

  • 401 Loomis Ave

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-849697
3
/10

  • Syracuse Academy of Science and Citizenship Charter School

  • 301 Valley Dr

  • 0.71 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,830. Residents of Syracuse, NY typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Onondaga County›Syracuse›13205›1148 Cannon St Unit 50

This home is located at 1148 Cannon St Unit 50 in Syracuse, NY and zip code 13205 in the Southside Syracuse neighborhood. This 2,592 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $140,000.

In October 2024 more than 87 listings in Syracuse, NY were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 41 were sold below. In October 2024 in Syracuse, NY there were 9.5% less homes for sale than in September 2024. While the average time on the market in October 2024 was 13 days, the median list price was $179,987.

From Rocket Homes Real Estate and based on county public records data.

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