House for sale, 400-422 James Street, in Syracuse, United States

**Unpriced** The building is a Romanesque Revival building designed by Archimedes Russell in 1902. Positioned at a prime location near a prominent gateway to Downtown Syracuse, this property offers tenants the advantage of being in proximity to all downtown amenities. The building, comprising 166 Units 175 Rooms Multifamily/SRO, with a projected NOI of $1.103M for 2025. The current owners who were managing for prior ownership have been taking great strides to evict, fix-up, rent vacancies and increase rents to stabilize the asset for a new buyer to value add. The Snowdon is currently 78% occupied. The potential for enhancing value is substantial. By investing approximately $1.5M in renovations, an operator can combine the remaining single rooms, thus augmenting the gross operating income and progressively elevating rents. The current on-site management is open to continuing their roles for a period of transition, further enhancing the appeal of this acquisition. Please contact for full Offering Memorandum and Financials.