1121 Summit Place, Utica, NY 13501 | MLS S1335757 | Listing Information | Arquette & Associates, Realtors
FOR SALE
$680,000

1121 Summit Place
Utica, NY 13501

Apartment
Residence
22,568
Sq. Ft.
0.22
Acre Lot
1of
Photos
Map
Courtesy: Merima Smajic - COLDWELL BANKER PRIME PROPERTIES
Arquette Realtors> New York> Utica> 13501
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 !
S1335757
Apartment, 3+ Story
Oneida
1910
0.22 Acres
3
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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