Property Description

Opportunity knocks at 520 Otisco Street! This spacious two-family property offers an impressive seven bedrooms across the upper and lower apartments, two bathrooms, and two large eat-in kitchens. With generous room sizes and abundant natural light from numerous windows throughout both apartments, this property offers tremendous potential for investors, contractors, and buyers looking to renovate and build equity. The property features a new roof and new mechanical systems, including furnaces and hot water tanks. Significant repairs and renovations are needed, making this an excellent opportunity for buyers ready to bring their vision and transform the property into an income-producing investment. ADDITIONAL OPPORTUNITY: 522 OTISCO STREET VACANT LOT The adjoining vacant lot at 522 Otisco Street is a separate tax parcel and is available for purchase separately or potentially together with the house at 520 Otisco Street. This additional parcel offers potential for future development or other investment uses, subject to zoning, approvals, and applicable regulations. Purchasing both properties could provide an opportunity to expand your investment and explore additional possibilities. the lot sold separately or possibly together not offered in this listing price. LOCATION WITH POTENTIAL FOR GROWTH Located directly across from an elementary school, between downtown Syracuse and the Far West Side, this property sits within a pocket of renovated properties with potential for continued neighborhood investment and revitalization. INVESTMENT POTENTIAL Once renovated, the two apartments could potentially generate close to $3,000 per month in combined rental income, conservatively estimated and subject to market conditions. The additional lot at 522 Otisco Street provides another potential avenue for investment. Whether you're an experienced investor, a contractor looking for your next project, or a buyer seeking a property with significant upside, 520 Otisco Street presents an opportunity to create value through renovation. The listing broker is the property owner.

Property Features

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