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1121 Summit Place

Utica, NY 13501
  • $680,000
  • STATUS: Active
  • ON SITE: 206 Days
  • MLS #: S1335757
UPDATED: 55 min ago
$680,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,568
    SQFT
  • $30
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

School District:

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 !

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©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-12-08T18:14:25.857.
www.716realtygroup.com/homes/117263121
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1121 Summit Place Utica, NY 13501

  • Price: $680,000
  • Status: Active
  • On Site: 206 Days
  • Updated: 55 min ago
  • MLS #: S1335757
0
Beds
0
Baths
0
½ Baths
0.22
Acres
22,568
SQFT
$30
$/SQFT
1910
Built
Neighborhood:
Utica-City-301600
County:
Oneida
Area:
Utica-City-301600
School District:
Utica
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 !
Exterior Features

Construction Materials Brick Lot Features Rectangular Parking Features Off Site Parking Total 0 Roof Pitched Waterfront YN No

Interior Features

Basement Full Cooling OtherSee Remarks Fireplace YN No Fireplaces Total 0 Heating GasOtherSee Remarks Heating YN Yes

Property Features

Documents Available OtherSee Remarks Electric Other Inclusions Land And Building Lease Considered YN No Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Apartment Special Listing Conditions Standard Tax Annual Amount 6031 Zoning Res. Mixed Zoning Description Residential Multi Use

Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Merima Smajic of Coldwell Banker Prime Properties.
©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-12-08T18:14:25.857.
 
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