Are you looking to expand your real estate portfolio and generate passive income? Look no further than this fantastic investment opportunity in Syracuse! With a 3 bedroom, 1 and a half bathroom home, this property is an ideal addition to any investor’s portfolio.
One of the key highlights of this investment property is its long-term tenant. The current occupant has been residing in the property for over 6 years, providing a steady and reliable stream of income. This means that from day one, you can start reaping the benefits of owning an income-producing asset.
Having a long-term tenant offers numerous advantages for investors. Firstly, it eliminates the need to spend time and effort searching for new tenants, reducing vacancy periods and associated costs. Additionally, having a reliable tenant ensures a consistent cash flow, allowing you to cover expenses and potentially even generate profits immediately.
The property itself boasts three bedrooms and one and a half bathrooms, making it suitable for a variety of tenants. Whether it’s a small family, young professionals, or students, this home offers versatility and potential for attracting a wide range of renters. This increases the likelihood of finding a new tenant quickly if the current tenant chooses to move on in the future.
Investing in real estate has always been considered a sound financial decision. The Syracuse market, in particular, offers great potential for growth and profitability. With its strategic location, strong rental demand, and an ever-growing economy, Syracuse continues to attract investors seeking lucrative opportunities.
As an investor, adding this Syracuse investment property to your portfolio allows you to diversify your assets and spread risk. Real estate has always been a reliable long-term investment, providing both stability and potential appreciation over time. By acquiring this property, you can take advantage of the Syracuse market’s growth while securing a consistent source of income.
Moreover, with interest rates at historic lows, financing the purchase of this investment property could be more affordable than ever before. Taking advantage of low mortgage rates allows you to maximize your return on investment and potentially achieve greater cash flow.
When considering this investment opportunity, it’s important to conduct thorough due diligence. Assess the property’s condition and potential for future renovations or improvements that may increase its value. Additionally, review the current rental income to ensure it aligns with your financial goals and expectations.
Overall, this Syracuse investment property presents an attractive opportunity for investors looking to expand their real estate portfolios. With a long-term tenant in place, immediate income generation, and the potential for future appreciation, this property promises both stability and profitability. Don’t miss out on this chance to secure a valuable income-producing asset in the thriving Syracuse market.
106 Sterling Avenue, Syracuse, NY 13207