1224 N State St, Syracuse, NY 13208

Investment opportunity | $29,400 annual gross rental income Excellent opportunity to own a well-maintained two-family property at 1224 N. State Street in Syracuse, NY , featuring two spacious 3-bedroom, 1-bath apartments and a large, fully paved lot with abundant off-street parking. The property currently generates $2,450 per month in combined rental income, or $29,400 annually in gross rental income . Both apartments are occupied under one-year leases , with tenants current on rent and a history of being reliable and problem-free. Each apartment operates independently with its own furnace, hot water tank, and separately metered utilities . Tenants pay their own gas/electric utilities, while the owner is responsible only for water—helping keep operating expenses low and making this property especially attractive to investors. The first-floor apartment offers three bedrooms, one full bathroom, and washer/dryer hookups. The second-floor apartment also features three bedrooms and one full bathroom. Outside, the fully paved lot requires no grass cutting or lawn maintenance and provides substantial parking for tenants and guests. With two 3-bedroom units, separate utilities, existing leases, reliable rental income, minimal owner-paid utilities, and a spacious low-maintenance lot, 1224 n. State Street presents a compelling opportunity for an investor looking to add an income-producing property to their portfolio.