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James Hill Manor Apartments & The Alodi Apts. 1019 James St

73 Unit Apartment Building $3,750,000 ($51,370/Unit) Syracuse, NY 13203

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Investment Highlights

Perfect for repositioning
Priced at $51,000 per unit

Could be workforce housing for Micron project

Executive Summary

73 units of apartments within three blocks of each other in two buildings. James Hill Manor, 1019 James St. and The Alodi, 713 Lodi St., Syracuse. Both properties feature a combination of one bedroom, studio and efficiency apartments. They are on bus lines and minutes from downtown Syracuse, shopping, major employers and restaurants.
James Hill - 32 one bedroom and 20 efficiency apartments
The Alodi - 29 - furnished and unfurnished studio apartments; 1 upgraded studio to efficiency and 1 - one bedroom apartment
Perfect for repositioning, workforce housing, student housing, and/or expansion of existing apartments

James Hill Manor and The Alodi Marketing Package WPN

Property Facts Under Contract

Price	$3,750,000	Building Class	C
Price Per Unit	$51,370	Lot Size	0.75 AC
Sale Type	Investment	Building Size	33,000 SF
Sale Conditions	Bulk/Portfolio Sale	No. Stories	3
No. Units	73	Year Built	1975
Property Type	Multifamily	Parking Ratio	1.21/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$3,750,000
Price Per Unit	$51,370
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale
No. Units	73
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.75 AC
Building Size	33,000 SF
No. Stories	3
Year Built	1975
Parking Ratio	1.21/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.