1061 Lancaster Ave, Syracuse, NY 13210

Description

Strong addition to any student housing portfolio just a short walk to Syracuse University Campus. Two year lease has now been executed. Spring 2027-Spring 2029. This 4,000+ sq ft property offers 7 bedrooms and 2 full baths, rented at $800 per bedroom and delivered fully furnished. The home features updated kitchens w new appliances and baths, fresh paint interior/exterior, natural hardwood floors, original woodwork, and a striking double-sided staircase that adds character. Additional highlights include private off-street parking, deck off the back, an oversized driveway accommodating 6+ vehicles, and a walkout lower level with laundry. The finished third floor includes a second kitchen, full bath and 3 bedrooms, offering flexibility for an owner’s suite or the potential to expand to a 10-bedroom layout—significantly increasing rental income. Immediate cash flow with upside potential—don’t miss this high-performing investment opportunity.