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14 16 Watson Place

Utica, NY 13501
  • $569,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: S1395460
UPDATED: 50 min ago
$569,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,568
    SQFT
  • $23
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Ratings & Info

School District:

Description

Welcome to The Romar! The Property Shop is please to present for sale The Romar Building located on Watson Place just off Genesee St. in Utica, NY. The subject properties are two contiguous parcels consisting of a 13 unit prewar building and single family home joined by a common driveway and parking lot with ample space for tenant cars. Currently at the list price the property yields on a blended cap rate over 13% and cash on cash return north of 32%! The main building consists of (1) Studio, (4) 1 Bedroom units, and (8) 2 Bedroom units and the single family home is a Cape Cod style home with 3 bedrooms and 2 bathrooms. The main apartment building property was renovated a few years ago and features large floor plans with original hardwood floors, coiffured ceilings, and countless original pre-war detail. Each apartment has its own forced hot air furnace and separate electric meters. Owner has had parking lot and driveway re-surfaced and striped, 2 new 75 gallon hot water tanks, and recent roof and chimney work, property has lead paint free certification through Oneida County.

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©2022 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: 2022-05-25T09:13:55.677.
www.716realtygroup.com/homes/127424813
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14 16 Watson Place Utica, NY 13501

  • Price: $569,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 50 min ago
  • MLS #: S1395460
0
Beds
0
Baths
0
½ Baths
0.22
Acres
24,568
SQFT
$23
$/SQFT
1935
Built
Neighborhood:
Utica-City-301600
County:
Oneida
Area:
Utica-City-301600
School District:
Utica
Property Description
Welcome to The Romar! The Property Shop is please to present for sale The Romar Building located on Watson Place just off Genesee St. in Utica, NY. The subject properties are two contiguous parcels consisting of a 13 unit prewar building and single family home joined by a common driveway and parking lot with ample space for tenant cars. Currently at the list price the property yields on a blended cap rate over 13% and cash on cash return north of 32%! The main building consists of (1) Studio, (4) 1 Bedroom units, and (8) 2 Bedroom units and the single family home is a Cape Cod style home with 3 bedrooms and 2 bathrooms. The main apartment building property was renovated a few years ago and features large floor plans with original hardwood floors, coiffured ceilings, and countless original pre-war detail. Each apartment has its own forced hot air furnace and separate electric meters. Owner has had parking lot and driveway re-surfaced and striped, 2 new 75 gallon hot water tanks, and recent roof and chimney work, property has lead paint free certification through Oneida County.
Exterior Features

Construction Materials Vinyl Siding Exterior Features Blacktop Driveway Garage YN No Lot Features Residential Lot Parking Features Three Or More SpacesNo Garage Road Frontage Type City Street Roof Asphalt Waterfront YN No

Interior Features

Appliances Gas CooktopGas OvenGas RangeGas Water HeaterRefrigerator Basement Full Fireplace YN No Fireplaces Total 0 Flooring HardwoodVaries Furnished Unfurnished Heating GasForced Air Heating YN Yes

Property Features

Gross Income 111840 Possession Close Of Escrow Property Sub Type Other Rent Includes Common Area MaintenanceSnow RemovalWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 7704 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic

Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing provided by John Bevilacqua of The Property Shop : 315-724-4458.
©2022 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: 2022-05-25T09:13:55.677.
 
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