JAMS Property Partners

02/05/2024

Assignment of Contract
Flip Or Rental Opportunity
Property Presentation for 327-329 Shonnard St, Syracuse, NY 13204.
🔹Asking Price: $55,000
🔹ARV After Repair Value: $70,000
🔹Estimated Repair: $3000
• Square Feet: 912 sq/ft
• Built-in: 1918
• Lot size: 8,712 sq/ft = 0.2 Acres
• Department of Finance Office of Real Property Services City of Syracuse weblink https://ocfintax.ongov.net/Imate/propdetail.aspx?swis=311500&printkey=09700000050110010000
• Bedrooms: 2
• Bathrooms:1 with tub
• Garage/shed: 1 tool Shed.
• Total Rooms: 7 excluding basement and shed
Please click the link below for more photos: https://photos.app.goo.gl/QE1QUSkYy7FQcHs4A
You are responsible for your own due diligence before making an offer.
• Property sold ‘as is”, with no contingencies.
• EMD is non-refundable.
Comparable:
https://drive.google.com/file/d/1L_zR32k0Z-OxAthHOBVVsGddttUk4wig/view?usp=share_link
Property Features/Details:
Built: 1918
2 story with basement, Single Family house. Wood
floors, stairs, and trims. Comes with additional 2 lots of 676 Sq/Feet each in
the rear and side of the house as 327 Shonnard St REAR and 329 Shonnard St REAR
Department of Finance Office of Real Property Services City of Syracuse weblink
https://ocfintax.ongov.net/Imate/propdetail.aspx?swis=311500&printkey=09700000050470020000
Department of Finance Office of Real Property Services City of Syracuse weblink
https://ocfintax.ongov.net/Imate/propdetail.aspx?swis=311500&printkey=09700000050470030000

• Basement: Stone
• Kitchen:1 with Gas Range
• Wood Floors
• 912 Sq feet covered space not including basement
• Lot 8712 Sq feet = 0.2 Acres (will come with extra 2 lot at the rear and
side marked as 327 Shonnard St REAR and 329 Shonnard St REAR)
• New Roof installed in 2018
• New hot water heaters (Gas) and Forced Air Heat

Property’s Expected cosmetic repairs or fixes:
• The front porch needs paint patches.
• Front exterior paint job (Cosmetic)
• Expected repairs to enhance value:
• The chimney needs sliding sealing.
• 2nd Floor roof (4 Sq Ft area needs patchwork after Chimney sealing
• Extra growth and shrub trimming.

👉HOW TO SUBMIT AN OFFER:
1. Submit your offer by email to [email protected]
2. If your offer is accepted, you will be immediately notified by phone or email.
3. We will then send you the purchase Agreement for signature(s) along with the closing attorney’s wire instructions.
4. The 5,000 earnest money deposit (EMD) is non-refundable. EMD is to be wired within 24 hours of being notified your offer was accepted. Please submit a copy of your wire receipt before the deadline.
5. If EMD AND the signed Purchase Agreement are not received by the deadline, we must move on to the next buyer. We will continue to market the property until we have a signed purchase agreement and a verified earnest money deposit.
👉DISCLAIMER:
The numbers used in this property presentation are based on estimates and evaluations made by the creator of this document. Prospective buyers are responsible for performing their own due diligence before submitting an offer. You should always analyse the property yourself and consult your own professionals for advice. You understand that the creator is not making any professional recommendations whether accounting, legal, real estate, or otherwise.

Contact Info:
Phone: (469)731-7080
Email: [email protected]

02/05/2024

Assignment of Contract
Flip Or Rental Opportunity
Property Presentation for 331 Shonnard St, Syracuse, NY 13204.
🔹Asking Price: $100,000
🔹ARV After Repair Value: $130,000
🔹Estimated Repair: $6000
• Square Feet: 2835 sq/ft excluding basement.
• Built-in: 1920
• Lot size: 4,356 = 0.1 Acres
• Department of Finance Office of Real Property Services City of Syracuse weblink https://ocfintax.ongov.net/Imate/propdetail.aspx?swis=311500&printkey=09700000050100000000

• Bedrooms: 6
• Kitchens: 2 (1 for each apartment/Floor)
• Bathrooms: 2 with tubs
• Garage/shed: 2 detached garages.
• Total Rooms: 13 excluding basement
Please click the link below for more photos: https://photos.app.goo.gl/1UA54Rp9kxa5T8RL6
You are responsible for your own due diligence before making an offer.
• Property sold ‘as is”, with no contingencies.
• EMD is non-refundable.
Comparable:
https://drive.google.com/file/d/1J-rb_2kd4P0c3GkiW8_-JXK0TdJpdWwx/view?usp=share_link
Property Features/Details:
Built: 1920
Property Type: Multi-Family 2 stories and basement
One of a kind 2 story with a basement, multi-family house. Both apartments have separate entrances and utilities. Two-car detached garage. All wood floors, stairs, and trims. Very limited cosmetic touches (Not required)
• Detached garage:2
• Backyard in the house currently has above-ground pool and a kids’ play area
• The roof is in good condition.
• All utilities are separate for both apartments.
• 2 new hot water heaters (gas) and Forced Air Heat

Property’s Expected cosmetic repairs or fixes:
Front porch railing spindles, a couple of them missing (Cosmetic)
Front exterior paint job (Cosmetic)
Expected repairs to enhance value:
2nd Floor living area windows need better sealing.
Backyard porch steps need repair or strengthening.
Paint job in 1st floor bathroom (there is no leak)

👉HOW TO SUBMIT AN OFFER:
1. Submit your offer by email to [email protected]
2. If your offer is accepted, you will be immediately notified by phone or email.
3. We will then send you the purchase Agreement for signature(s) along with the closing attorney’s wire instructions.
4. The 5,000 earnest money deposit (EMD) is non-refundable. EMD is to be wired within 24 hours of being notified your offer was accepted. Please submit a copy of your wire receipt before the deadline.
5. If EMD AND the signed Purchase Agreement are not received by the deadline, we must move on to the next buyer. We will continue to market the property until we have a signed purchase agreement and a verified earnest money deposit.
👉DISCLAIMER:
The numbers used in this property presentation are based on estimates and evaluations made by the creator of this document. Prospective buyers are responsible for performing their own due diligence before submitting an offer. You should always analyse the property yourself and consult your own professionals for advice. You understand that the creator is not making any professional recommendations whether accounting, legal, real estate, or otherwise.
Contact Info:
Phone: (469)731-7080
Email: [email protected]

02/23/2023

What is a Cap rate and how to calculate it? Usually, a good Cap rate is between 4.7% to 10%.

02/12/2023

More color..

02/02/2023

Gold glare !

02/02/2023

02/02/2023

Living room space:
The burst of colors add asthetics to a plane background. A touch of wood gives a rich flavor to the interior.
Designed by Arshia.

01/31/2023

What is the difference between cash-out refinancing and Home Equity Loan?

01/05/2023

Subject to existing financing/mortgage is when the buyer takes over the existing mortgage of the house and starts making payments according to the terms of the promissory note. Excellent and creative way of financing.

12/21/2022

Owner Financing is when the owner becomes the bank and conveys the property to the buyer on the terms of the promissory note.