The Flip Potential of 705 South Ave Syracuse, NY 13207 is medium.
Current Specs
6 Bed / 2 Bath
1,920 sqft
$55 per sqft
Estimated Value$105,000
Flip Advice
This 6-bed, 2-bath, 1,920 sqft multi-family in Syracuse is listed at $105K (about $55/sqft), which is significantly below neighborhood averages. Nearby comps with similar size and bed/bath counts have average sold prices around $210K and average price per sqft near $106. The first floor needs rehab, and the property sits in a high flood risk zone, so insurance costs will be higher and repairs may be substantial.
If you're an investor, there's clear upside if you can manage renovation costs, as the spread between the list price and area ARV is strong. For current owners looking to sell, focus on basic first-floor improvements and highlight rental income potential. Be mindful of flood insurance costs and disclose needed repairs to avoid surprises during due diligence.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 705 South Ave: