The Syracuse Land Bank has houses available for purchase and renovation. The following are just a sampling of the houses that are available. for additional purchase opportunities see the Land Bank available property link below.
Follow the instructions in the listing notes to view Land Bank properties and be sure to include all required attachments with your purchase offer. Sales of properties requiring renovation are subject to an enforcement mortgage, securing a lien against the property that is discharged once the proposed renovations and any other requirements are complete.
Most listings include a scope of work that the buyer must complete to renovate the property within 12 months; if there is no scope attached, you must draft and attach your planned scope of renovations. In order for your project to be considered complete, you must fulfill all terms of sale, completed all work proposed in your purchase proposal, and obtained a Certificate of Adequacy or Certificate or Certificate of Inspection from Code Enforcement.
107 Mark Ave.
Syracuse, NY 13205
Asking Price: $12,000
Renovation Estimate: $88,290
Home Ownership Choice: Yes
This two-family home is currently offered for owner-occupants only. Live in one unit and rent the other for income potential or renovate the home into a single-family for a larger living space. The property does have a nice fenced-in side yard with a driveway. When submitting a purchase offer, the buyer will need to show proof of funds in the amount of $100K.
713 Valley Dr.
Syracuse, NY 13207
Asking Price: $25,000
Renovation Estimate: $48,000
Home Ownership Choice: Yes
Four bedroom, one and a half bath home in the North Valley is for sale! The home has beautiful hardwood floors upstairs and a nice backyard. When submitting a purchase offer, the buyer will need to show proof of funds in the amount of $73K.
Properties listed in the Home Ownership Choice Program must be owner-occupied or renovated and resold to an owner-occupant. Contact our office at (315) 422-2301 ext. 0 to schedule a showing and to hear more about our buying process.
