For Sale: Land Bank Properties


Properties Available: 212 Evaleen Ave., 272 McLennan Ave.,122 Richardson Ave.

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.

First-time homebuyers are required to complete a HUD-approved homebuyer education course; Home HeadQuarters offers a HUD-approved homebuyer education course and income-qualified buyers who complete the course are eligible to receive down payment and closing cost assistance.

The Land Bank Board of Directors will consider complete purchase applications when they meet monthly. Complete applications must be submitted two weeks prior to the Board of Directors meeting for consideration.  All sales are subject to approval by the Land Bank’s Board of Directors. The Board will evaluate applications based on the quality of the development proposal, qualifications of the applicant, consistency of the development plan with the Land Bank’s mission and policies, and amount offered.

 

 

 

 

 

 

 

212 Evaleen Ave
Syracuse, NY 13207
Priced: $25,000

Single-family, fixer-upper home in the North Valley area is for sale. The home has two bedrooms (with potential for third bedroom), hardwood floors, enclosed front porch and a one car garage with fully fenced yard. floors.

This property is in our Home Ownership Choice program so the buyer must occupy as their primary residence or renovate and re-sell to someone who will.  Estimated renovation cost is approximately $45k. The buyer will need to show proof of funds in the amount of $70k. Download detailed Renovation Specs at 212 Evaleen Ave

 

 

 

 

 

 

 

272 McLennan Ave
Syracuse, NY 13205
Priced: 3,000

This Southside single family home is for sale! The property has four bedrooms, one bathroom and a fenced in front yard. The home features original woodwork throughout with a fireplace in Master bedroom. Estimated renovation cost is approximately $72k. The buyer will need to show proof of funds in the amount of $75k. Download Mandatory Renovation Specs at 272 McLennan Ave

 

 

 

 

 

 

122 Richardson Ave
Syracuse, NY 13205
Priced:  $9,900.

This two-family home is for sale. The property has two beds and one bath in each unit with a driveway and backyard. Excellent investment potential! Other homes on the street currently undergoing rehab and revitalization!

Mandatory estimated renovation cost is $66,000. Buyer will need to show proof of funds in the amount of $76,000. Download additional listing details and photos 122 Richardson Ave

Note to Buyers:

Syracuse City School District (SCSD), Onondaga County and City of Syracuse full-time employees will receive half off the asking price (up to $20,000) on Land Bank properties in which the buyer will owner occupy.

Contact our office (315) 422-2301 ext 0 to schedule a showing or to learn more about our buying process. View other For Sale-Buildings on our property website www.syracuselandbank.org/forsale