1121 Summit Place
Utica, NY 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 !