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418 Bacon Street, Utica, NY 13501

$169,900
: 6
BD
: 7,920
SqFt

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List Price: $169,900
Status: PENDING
Days on Market: 122
Price Change: ▼ $20,000 1781546644
MLS#: S1674317
Subtype: Multi Family
Year Built: 1900
Bedrooms: 6
Living Area: 7,920
Lot Size: 4,800
Acres: 0.11
Subdivision: Devereux Farm
Neighborhood: Devereux Farm
MLS Area Major: Utica

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Property Description

OPPERTUNITY IS KNOCKING!! This brick-built 6-unit property offers an impressive 7,900+ sqft of living space providing exceptional rental income potential. Each floor features two spacious 2-bedroom 1 bath apartments with eat-in kitchens & nicely sized living rooms making this an ideal multi-family investment. Several units have been refreshed with new flooring, fresh paint, and updated kitchens, creating a clean and appealing living experience for tenants. The building is efficiently set up with separate gas and electric utilities for each unit, minimizing owner expenses. A full basement provides ample space for storage and utilities, adding even more functionality to the property and small back yard for tenants to enjoy. Perfectly situated along the Utica bus line, this location offers unbeatable convenience—just minutes from restaurants, shopping, downtown Utica, and Route 5S. Whether you’re expanding your portfolio or seeking a high-yield opportunity, this property checks all the boxes. A little TLC will turn this rental property into an INCOME POWER HOUSE. ARV Value is 330k-350k. Currently the properties gross rent is $2625 with 50% vacancy. Don’t miss out on this rare investment gem!

+1 315-272-7419

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Additional Information

Interior Features: Ceiling Fan(s), Entrance Foyer, Natural Woodwork, Bedroom on Main Level
Exterior Features: Blacktop Driveway, Fence
Taxes: $2,697
Flooring: Carpet, Laminate, Tile, Varies
Appliances: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Heating: Gas, Stove, Forced Air, Natural Gas
Stories: 3
Roof: Flat
Parking Features: Two Spaces, No Garage
School District: Utica
Elementary School: Albany Elementary
Middle School: John F Kennedy Middle
High School: Thomas R Proctor High