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.
141 Hobart Ave
Syracuse, NY 13205
Asking Price: $30,000
Reno Estimate: $68,000
This charming single-family home is sale. The first floor has two bedrooms, a kitchen, full bath, formal dining room, living room, and an office. On the second floor, there is one large bedroom. The property does have foundation issues. Download renovation specs here: https://bit.ly/141Hobart. This home must be owner-occupied or renovated and sold to an owner-occupant.
When submitting a purchase offer, the buyer must show proof of funds in the amount of $98K.
1127 Colvin St W
Syracuse, NY 13207
Asking Price: $25,000
Renovation Estimate: $78,000
This single-family home with three bedrooms and one bathroom is for sale. The property has a large upper back porch, garage, and backyard. Download renovation specs and see additional listing details here:http://bit.ly/1127WColvin
The property must be owner-occupied or renovated and sold to an owner-occupant. When submitting a purchase offer, the buyer will need to show proof of funds in the amount of $103K.
Contact our office (315) 422-2301 ext. 0 to learn about our buying process or to schedule a property showing. See other Land Bank properties at syracuselandbank.org/forsale.
