Abandoned Victorian For Sale In Syracuse, NY Under $10K

This charming Victorian home has seen better days and is now under the care of the city’s land bank. Once, it belonged to Vita Paradiso, an Italian immigrant who arrived in Syracuse in 1912. Back then, this house on Ash Street was a real gem, featuring unique details like shingles on the front gables, bay windows, an exquisite staircase, floor-to-ceiling kitchen cupboards, and stunning tin ceilings – all of which drew Vita to make it her home.

This spacious multi-family dwelling on the Northside retains many of its original, delightful features, such as doors, trim, a graceful staircase, and remarkably well-preserved tin ceilings. Currently configured as a three-unit property, it will require approval from the City of Syracuse for a two-unit conversion, along with architect-designed floor plans.

Before the sale is finalized, rest assured that the property will receive a new roof and front porches. Inside, one unit boasts three bedrooms and two full baths, while the other has three bedrooms and one full bath. Both units even offer the possibility of adding a fourth bedroom.

The buyer will have an 18-month window for renovating this home. Estimated renovation costs are around $126,000, and the buyer must demonstrate proof of funds totaling $136,000. Contractors, equipped with proof of a Doing Business As (DBA) or LLC and liability insurance, should demonstrate $52,000 in funds. Please note that this property is being sold in its current condition, “as-is,” without any warranties or representations.

If you’re interested, you can find the Property Purchase Application and Contract to Purchase on our website. Completed offers should be submitted by the first Tuesday of each month for consideration at the Board of Directors Meeting, typically held on the third Tuesday of each month. Please make sure to verify dates and times. Also, keep in mind that renovation costs might exceed $154,000, so it’s crucial to have proof of funds covering both the purchase and renovation expenses.

Property Details:

  • 6 bedrooms
  • 3 bathrooms
  • A spacious 3,172 square feet of living space

607 Ash St, Syracuse, NY 13208.     $9,900

Contact Realtor: Greater Syracuse Land Bank with Greater Syracuse Land Bank

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