505 Cogswell Avenue, Syracuse, NY 13209

Welcome to 505 Cogswell Avenue, a well-maintained triplex located in the heart of Solvay, offering the benefit of Solvay Electric for incredibly low utility costs. Owned and cared for by the same owner for nearly 15 years, this property presents an excellent opportunity for both investors and owner-occupants. Unit 1 is a spacious 4-bedroom, 1-bathroom apartment that has been fully renovated from top to bottom. Upgrades include new vinyl flooring, carpet, trim, cabinets, countertops, appliances, bathroom fixtures, electrical wiring, outlets, and more. This unit is currently vacant, offering flexibility—move in and let the other two units pay your mortgage, or rent it at market rate for $1,700+ per month for strong cash flow. Unit 2 is a 2-bedroom apartment recently updated and currently rented at $700/month on a month-to-month lease. Unit 3 is a 1-bedroom unit, also renovated, and currently rented at $600/month, also month-to-month. Both are significantly below market rents, offering … read more …