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1121 Summit Place

Utica, NY 13501

$680,000

Property Description

Incredible investment property in booming City! Well maintained 3 story, 19 unit apartment bldg. Fully occupied with no tenant/eviction issues. Composed of 16- 2bdrm units; 2- 1bdrm units; & 1 studio apt. Centrally located on a quiet one way street, only 4 minutes away from downtown Utica and new hospital. Spacious apts. with charming bay window views & w/some hardwood floors, that are in high demand in ever growing City. Pride of ownership shines in this historic brick bldg w/many improvements. Individual gas & electric meters. Heat, hot & cold water are included in the rents. Within last 2 years- highly durable 100% silicone coating was applied to main roof. Boilers recently replace- last 3 years. 3 additional backup boilers. Income & expense statements justify the market value of this bldg. Rents are currently below market rate. Many long term tenants w/plenty of room for upside & cash flow. Building is just as appealing on the inside as it is on the outside! Serious investors only! You will not be disappointed !

Property Details

Square Feet:
22,568
MLS® #:
S1335757
Year Built:
1910

Interior Information

Air Conditioning:
Other - See Remarks
Basement Description:
Full
Heat:
Gas
Living Description:
Apartment
Square Feet:
22,568

Lot & Exterior Information

Acres:
0.22
Construction:
Brick
Parking Description:
Off Site
Roof:
Sloped
Sewer:
Public Sewer Connected, Public Water Connected
Zoning:
Res. Mixed

Area Information

Area:
Utica-City-301600
City:
Utica
County:
Oneida
State:
NY
Street Name:
Summit
Street Number:
1121
Street Post Dir:
Place
Zip:
13501

School Information

School District:
Utica

Tax & HOA Information

Estimated Taxes:
$6031

Additional Information

Days On Market ( contiguous ):
1
Contract Date:
2021-05-14T00:00:00.000Z
Feed Image Trans Date:
2021-05-15T13:05:12.000Z
Last Modified:
2021-05-15T16:02:08.000Z
Latitude:
43.0958201
List Date:
2021-05-14T00:00:00.000Z
List Price:
$680,000
Listing Agent ID:
msmajic
Listing Office:
COLDWELL BANKER PRIME PROPERTIES
Listing Office ID:
CBPR011
Longitude:
-75.2366483
MLS® #:
S1335757
Short Sale:
N
Status:
Active
Sysid:
40036553
Year Built:
1910
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MLS # S1335757
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