CCertihomes
1516 Valley Drive, Syracuse, NY 13207

$184,900

3 beds 4 baths 2,619 sqft Built 1960214 days on marketActive

About this home

Welcome to 1516 Valley Dr, a fantastic mixed-use building situated in Syracuse, NY. The street front boasts a successful store and print shop while the back is a residential 3 bedroom, 2 full bathroom house! Both units are currently rented out for a total gross monthly rent of $2, 375 effective 1/1/2025. This presents terrific potential cashflow for an investor! Convenience is key, and this property delivers; nestled close to a wide variety of stores, restaurants, and shops, it also offers easy access to downtown Syracuse's vibrant amenities. Not to mention there is also off-street parking, a rare find in this bustling area! This property has the ability to be sold as a package with the one right next door, 1522 Valley Dr Syracuse, NY. MLS Number: S1577380. It does NOT need to be sold as a package.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,769/mo

Real estate (PITI + HOA + PMI)
$1,893
Principal + interest$1,186
Property tax + insurance$638
PMI / 2nd mortgage$69
Utilities
$1,700
Heating + cooling$697
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$2,769/mo TLC
Budget$5,000/mo
Remaining after TLC$2,231/mo
Purchase price
$184,900
Down payment
$9,245 (5%)
Loan amount
$175,655
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1960
Lot size
0.0976 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
WindowUnits
Water
Connected, Public
HOA
Annual tax
$4,350
MLS #
S1580056
County
Onondaga

At a glance

Air conditioning
Basement
Garage (4)

Home features

Appliances
GasWaterHeater
Interior
CeilingFansNaturalWoodwork
Exterior
FencePrivateYardSeeRemarks
Parking
PavedTwoOrMoreSpaces
Flooring
Carpet, Hardwood, Laminate, Varies
Sewer
Connected

Lot features

Other, NearPublicTransit, Rectangular, RectangularLot, SeeRemarks

Neighborhood — 13207

MetricThis ZIPCountyUSA
Population13,39119,351,094299,088,112
Population Change Since1990-12.00%8.00%20.00%
Population Density4,140395
Male6,2159,381,926147,432,321
Female7,1769,969,168151,655,844
Never Married3,7074,946,39163,775,926
Married4,3577,166,701123,120,365
Separated4591,159,67312,639,686
Widowed6241,110,24515,467,586
Divorced8811,210,44823,075,029
Number Of House Hold4,9867,102,016111,826,380
Average House Hold Size2.682.642.60
Medial Age32.3136.5335.46
Median House Hold Income$42,591$49,847$48,276
Average House Hold Income$54,090$70,032$63,629
P C I$20,305$26,569$24,529
M D I$37,069$42,210$41,133
A T H E$45,923$54,185$50,898
S T R8.00%4.00%
W C J84.92%81.55%77.74%
(Zip) Code
13207

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →

Listing information last refreshed 12/5/2024. Provided courtesy of The O'Hara Group via Buffalo MLS. Information deemed reliable but not guaranteed.