6 Beds
5,304 SqFt
6 Beds
5,304 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,304 sqft
Price per Sqft $62
MLS Listing ID S1695688
Bedrooms 6
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,625
Lot Size 4,800 Sqft
Acres 0.1102
Lot Dimensions 40X120
Property Sub-Type Commercial
Property Description
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.
Location
State NY
County Oneida
Area Utica-City-301600
Rooms
Basement Full
Interior
Heating Gas, Hot Water, Radiant
Flooring Laminate, Tile, Varies
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Exterior
Exterior Feature Blacktop Driveway, Fully Fenced
Fence Full
Community Features None
Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Flat,Membrane,Rubber
Garage No
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Utica
Others
Senior Community No
Tax ID 301600-319-053-0002-044-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1695688
NEARBY SCHOOL & BUSINESS