The property at 1330 Midland Ave in Syracuse, located in the Southside neighborhood, is a single-family home with 4 beds and 2 baths, offering around 1,870 sqft of space. Based on comps, the estimated rent potential is $2,800 per month. With the current market conditions in the Southside area, which shows a median listing price of around $107K, this property is well-positioned. The estimated payback period through rental income is promising, given the property's last sold price of $88K. The property's features, such as three stories, enhance its rental appeal, though its age, being built in 1902, might require some updates.
To maximize the rental value, the current owner should consider modernizing the interior, focusing on the kitchen and bathrooms, as these are key areas for renters. Energy-efficient updates could also attract eco-conscious tenants. If considering selling, highlighting its potential as a multi-family rental or investment property in marketing materials could pique investor interest, given the solid rental income potential in the Syracuse market.