Investor’s Dream: Affordable Bungalow in Solvay Village, Syracuse
Are you an investor searching for your next solid opportunity? 213 7th St in Syracuse, NY, could be just the property for you. Located in the sought-after Solvay Village area, this 2-bedroom, 1-bath bungalow offers substantial investment potential at an entry point of $100,000. Whether you're looking to generate rental income or undertake a rewarding renovation, this property has the right fundamentals to provide a strong return.
Ideal Location in Solvay Village
Solvay Village is known for its blend of convenience and community appeal, making properties here highly desirable. This bungalow is minutes from local schools, shopping, and public transportation, giving it appeal for tenants who value easy access to daily essentials. Proximity to these amenities can make a big difference in tenant satisfaction and retention, translating to a steady rental income for you.
Solid Foundation with Room to Customize
At 1,012 sq. ft., this home provides a solid foundation to build on. Existing hardwood floors bring charm and warmth to the interior, while the full basement opens possibilities for added value. Whether you see potential in creating additional living space or simply optimizing it for storage, the basement is an excellent asset.
Outdoor Space Adds to the Appeal
The spacious backyard, complete with a storage shed, is an additional perk for tenants seeking outdoor privacy. This space can be a valuable draw for renters and offers potential for future upgrades, such as a deck or patio. These are attractive amenities for tenants and also add value to your property long-term.
A Perfect Handyman Special
While the property is livable, it could use some TLC—perfect for investors willing to make improvements. The initial investment leaves room in your budget for updates and upgrades that could significantly boost both rental income and overall value. With some strategic renovations, this property can transform into an appealing and income-generating asset.
Demand for Rentals in Solvay Village
Rental demand remains high in this area thanks to its central location and access to key amenities. With updates, you’ll be well-positioned to attract reliable tenants looking for a great location and a comfortable living space. By enhancing the property, you’re setting the stage for consistent rental income.
Final Thoughts
213 7th St in Solvay Village is an affordable investment with excellent potential for the right buyer. Whether you're looking to build a rental portfolio or flip a property, this bungalow combines a great location, a manageable price, and room for improvement—all key factors for a profitable investment.
Ready to see the potential of 213 7th St? Schedule a viewing and envision how this property could become a valuable addition to your portfolio.
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