Property photo 1
38 Beds
0 Baths
11,088 sqft

$2,500,000

508 West Brighton Avenue, Syracuse NY, 13205

Price per sqft$225.47
Built in1945
Property size11,088 sqft
Property typeOther

Overview

Sold

Closed

Listed May 21, 2025

Updated Jun 1

Welcome to Brighton Place Townhouses — an exceptional investment opportunity to acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath townhome-style units. Each unit includes both front and rear entrances, a spacious living room with hardwood floors, and a full kitchen on the main level. Upstairs, you’ll find two bedrooms and a full bathroom. Every unit also includes a private basement along with individual furnaces, water heaters, and separate gas and electric meters. Tenants are responsible for their own utilities, with the exception of water and sewer. The property offers ample parking for all residents, plus 14 garage bays. The complex benefits from stable occupancy, and over two-thirds of the rental income is guaranteed through subsidies. Significant upside exists in raising rents, and a fresh Certificate of Compliance has just been issued.

Additional information

MLS® ID
S1608313

Interior Features

Bedrooms
38
Bathrooms
0
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
2.48 Acres

Other Property Details

Taxes
$35,620
Tax Frequency
Annually
MLS provider logo

 

Courtesy of Acropolis Realty Group LLC, Zachary Johnson

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