Investment Summary

• Exclusively offered by Dante Belmonte of Hunt Real Estate ERA, this 33-Bedroom Syracuse University Student Housing Portfolio is a rare opportunity to acquire a great number of beds in a highly sought after student housing area. This portfolio consisting of 33-bedrooms across four individual properties was completely renovated from top to bottom. All units come fully furnished with a bed/mattress, desk & chair in each bedroom and a furnished living room. Once stabilized, this portfolio is being offered at a 10%+ cap rate.
• The portfolio is fully vacant allowing the new owner to come in and select their own residences. All units are fully furnished with a bed/mattress, desk & chair in each bedroom as well as a furnished living-room.
• Offered at a price below the per-bed cost of comparable assets in the area, this portfolio allows investors to acquire these properties at an attractive basis. With all capital improvements completed, new ownership can focus on leasing and operations at market rates of anywhere from $525 - $700 per bed for a total of $240k+ a year in gross income unlocking substation value & long-term cashflow. With the option of seller financing or traditional financing this asset will produce anywhere from a 15-20% cash-on-cash return.

Capital Expenditure Upgrades

• - New Roofs - Luxury Vinyl Flooring Throughout - New White Shaker Cabinets & Granite Countertops - Tile Backsplash - Stainless-steel Appliances including microwave, dishwasher, fridge & oven/range - Fresh Paint Throughout - New Bath Showers, Vanities & Toilets with tile - Updated Electrical Fixtures & Outlets - Updated Electrical Panels/Circuit Breakers - Upgraded Furnaces & Hot Water Heaters where needed - Many other misc upgrades

Multiple Parcels

• This portfolio consists of 4 individual, separately parceled duplexes for a total of 8-units with 33-beds. 212 Westcott includes in the same parcel a vacant lot between 212 & 216 Westcott (known as 214 Westcott) for additional parking or future development.
• Addresses: 110 Westcott St. Syracuse, NY 13210 208 Westcott St. Syracuse, NY 13210 212 Westcott St. Syracuse, NY 13210 216 Westcott St. Syracuse, NY 13210