Apr 02
SOLD:
There are about 200-300 HUD homes sold every year in Syracuse and the surrounding area. The trend has not increased nor decreased for the last 20 years. Most HUD homes are single family. Once in a great while you will find a 2, 3 and very rarely a 4family.
306 Bear St. in Syracuse is a 4 family HUD home. There are 6 total bedrooms, so its a 2-2-1-1. One heating unit, 4 gas and 4 electric meters. Built in 1940 with 2900 sq.ft. on a 53′x99′ lot. The assessed value is $75,000 and was sold in 1998 for $90,000 according to the tax records.
HUD rules for bidding state that only owner occupants can bid and that ends April 4 and investors may bid after that. List price is $25,000
