• Bedrooms: 3
  • Bathrooms: 1
  • Area: 1152 sq ft
  • Lot size: 6534 sq ft
  • Year built: 1964

Description

Check out this fixer upper located at 600 Craigie St Syracuse, NY 13206.  This former REO / bank owned home is a handyman special that needs work and some TLC.  We’ve priced to sell and comes with a great amount of built in equity. We are motivated and must sell this property to make room for new inventory so make an offer.  Sold as-is.

Call 321-286-8253 and ask for Mike

Owner financing is available to qualified buyers with good down payment.

Submit your offer at www.OdellBarnesREO.com/Make-An-Offer

Or apply for owner financing at www.OdellBarnesREO.com/Apply-For-Owner-Financing

Address:  600 Craigie St Syracuse, NY 13206

3 Beds /  1 Bath 1,152 Sq Ft

Cash Price:  $34,900 or best offer

Financing Available:  $3,000 down $571 per month

Average Rents in Area:  $1,275

3 Comparable Sales:

373 Ashdale Ave Syracuse, NY Sold for $79,000 Feb 2018

311 Ashdale Ave Syracuse, NY Sold for $86,500 August 2018

307 Couglin Ave Syracuse, NY Sold for $107,000 October 2018

Fix up and make a rental:

$34,900 purchase price

$1000 closing costs

$20,000 estimated repairs

Total Invested:  $55,900

Gross Annual Rent:  $15,300

Insurance Cost $1,000 yr

Property Tax Cost $1600 yr

Mgmnt Co: $1,530 (10% of gross rents)

Vacancy:  $1,530(10% of gross rents)

Repairs / Maintenance:  $1,530 (10% of gross rents)

Net Operating Income:  $8,110

Cash Buy ROI:  14.50%

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