2 months on rocket

Backup Offers

125 Forest Ave, Syracuse, NY, 13205

$130,000

Home List Price

$1,544*

Closing Credit

5 Bedrooms
2 Full Baths
1,824 SqFt
$71/SqFt
Multi
Schools Nearby

Location

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125 Forest Ave, Syracuse$130,000

Buyer Closing Credits

$1,544*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingTwo or More Spaces
Year Built1930
HeatingNatural Gas, Forced Air
BasementYes
MLS #S1522523
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 125 Forest Ave

Fantastic Investment Opportunity in Syracuse! Welcome to this recently improved duplex in the heart of Syracuse. With a double-digit cap rate and a 25%+ cash-on-cash return when fully rented, this property offers a lucrative investment opportunity with strong cash flow potential. Whether you're an investor seeking passive income or a “house-hacking” owner-occupant looking to offset mortgage costs, this property boasts recent improvements, including plumbing and floors, making it move-in ready. Residents enjoy easy access to amenities, schools, parks, and major transportation routes, enhancing the property's appeal to potential tenants. Don't miss out on this rare opportunity to own a turnkey duplex with excellent rental income potential. Schedule a showing today and seize the chance to start or expand your real estate investment portfolio!

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2
  • Living Area: 1,824 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, Varies, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Two or More Spaces

Virtual/3D Tour

  • Virtual Tour: 125 Forest Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Salina Street, take W Brighton Ave. Turn right onto Cannon Street. Left onto Forest Ave. First home on our left

Price Information

Listing Price Info

Price Summary:

  • List Price: $130,000
  • Price Per SqFt: $71/SqFt

Tax Information:

  • Annual Amount: $1,768
  • Tax Year: 2020
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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

$170.4K

Med. Price/SqFt

$119

Avg. Days On Market

27

# of Sold Homes

95

125 Forest Ave vs Syracuse

65 DAYS ON ROCKET

+38 Days

$130,000

-$40.4K Less

$71/SqFt

-$49 Less

KEY TAKEAWAY

This property is $40.4K less than the Median Sold Price and $49/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: #S1522523

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: 4/28/2024, 9:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,768$35,000
2019$2,009$35,000
2018$2,009$35,000
2017$1,058$35,000

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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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-2106907
2
/10

  • McKinley-Brighton Elementary School

  • 141 W Newell St

  • 0.30 miles

  • Public District Grades PK-6

school-card-donut-2106908
1
/10

  • Dr King Elementary School

  • 416 E Raynor Ave

  • 0.98 miles

  • Public District Grades PK-6

school-card-donut-2106909
3
/10

  • Van Duyn Elementary School

  • 401 Loomis Ave

  • 1.00 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,897. Typical income of Syracuse, NY residents is less than $35k annually. 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›125 Forest Ave

This home is located at 125 Forest Ave in Syracuse, NY and zip code 13205 in the Southside Syracuse neighborhood. This 1,824 square foot home, which was built in 1930, sits on a 0.10 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $130,000.

In March 2024 more than 50 listings in Syracuse, NY were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 31 were sold below. In March 2024 in Syracuse, NY there were 3.6% less homes for sale than in February 2024. The median list price of listings available in March 2024 was $170,455, while the average time on the real estate market was 27 days.

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

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