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+1 315-272-7419
Pine to Palm Realty Group, LLC
770 Bleecker Street, Utica, NY 13501
- $330,000
- 6
- BD
- 5,304
- SqFt
- List Price
- $330,000
- Status
- ACTIVE
- Days on Market
- 103
- Price Change
- ▼ $19,000 1790788191
- MLS#
- S1695688
- Subtype
- Multi Family
- Year Built
- 1950
- Bedrooms
- 6
- Living Area
- 5,304
- Lot Size
- 4,800
- Acres
- 0.11
- MLS Area Major
- Utica
Property Description
Exceptional investment opportunity! This six-unit apartment building totaling 12 bedrooms. Features a desirable unit mix of (3) one bedroom apartments and (3) three bedroom apartments. One of the 1 bedroom units is currently vacant and has been used by the owner when visiting, offering immediately flexibility for the new owner or additional rental income. Since purchasing the property, the seller has completed extensive renovations. Improvements include updated kitchens, bathrooms, new flooring in every unit, all new plumbing and heating systems, some vinyl siding and a paved rear parking area. The property is currently generating $6,000 per month in rental income from the five occupied units, with all utilities included in the rent. Two of the occupied units receive rental payments through the Section 8 Housing Program, providing an additional source of consistent rental income. The seller would like to transfer the property with the current tenants in place, all of whom have a strong history of on-time rent payments. With one vacant unit ready to rent and opportunities to increase future rental income, this income producing property offers outstanding potential for investors looking to expand their portfolio.
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Additional Information
- Exterior Features
- Blacktop Driveway, Fully Fenced
- Taxes
- $4,625
- Flooring
- Laminate, Tile, Varies
- Appliances
- Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Heating
- Gas, Hot Water, Radiant
- Stories
- 3
- Roof
- Flat, Membrane, Rubber
- Parking Features
- One Space, No Garage
- School District
- Utica
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Listing courtesy of The Property Shop. Contact: