116 Pharis St, Syracuse, NY, 13204

About This Home

It’s time to add this cozy old-style home to your portfolio! Tucked away on a quite side street on the Syracuse West end this Two-family house is easy to keep fully rented, or a great “starter home” for owner occupied while renting out the second unit. Each apartment is 976 Sq.ft. and has 2 bedrooms, 1 bath, kitchen, dining room, living room (or possible 3rd bedroom), and 3 season porches (enclosed 2014) for those cool summer nights or extra storage. Both units are currently rented far below market averages for the neighborhood, with room to raise rents. Both have separate utilities for electric and gas. Water is included with rent. Apartment 2 has been mostly updated and is currently rented for $800/mo. since 12/2023 and are willing to stay. Apartment 1 is currently rented for $600/mo. to family since 1/2022 and has not been updated. After a few updates, both units could easily bring you $1,200/mo. Recent updates include updated electrical breaker boxes for both units (2021), new water tanks for both units (2022 & 2025), new sidewalks (2021), Apt 1 furnace (2020), and new lateral sewer line from house to street w/ clean out (2017). This 1,952 sq. ft. home stands on a small 33 ½ X 90-foot lot making lawn mowing and maintenance a breeze. You can take a break in the well-wooded private backyard that is fully closed in for added security. You will find there is plenty of on-street parking on this quite side street located in walking distance of several restaurants, parks, schools, churches, bars, and shops. Apartment 2 has attic access for storage and apartments 1 and 2 have access to the basement; there are separate utilities for each unit to have a washer and 220 electric dryers in the walk out basement. Close to all major expressways (690, 81, & 90), downtown Syracuse, Tipperary Hill, Solvay business districts, and the State Fair. Also located on two convenient bus lines. Built in 1920 1,952 Square Feet 33 ½ X 90 Lot Fenced in backyard