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330;238-240;901;1801 King;Otsego;John;Whitesboro Street

Utica, NY 13502
  • $519,000
  • STATUS: Active Under Contract
  • ON SITE: 385 Days
  • MLS #: S1296413
Under Contract
UPDATED: 39 min ago
$519,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,722
    SQFT
  • $38
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:

Description

______________________________________________________________________________________________Public Remarks: INVESTORS AND ENTREPRENEURS:ALL 4 PROPERTIES WITH 5 HOUSES CONTAINING 19 RENTALS ARE TO BE SOLD AS ONE PACKAGE.Great condition with 19 leasable spaces.Only one is vacant because the LL is prepping it to rent.Properties are in Utica, Herkimer, and Ilion. They are all well maintained and have a lucrative Net Operating Income.The property on King Street in Herkimer has 2 houses on 1 parcel for a total of 5 apartments and a 2 bay barn that could house cars or be used for storage.The only parcel that requires flood insurance if you have a mortgage is the Ilion property however, it has not been problematic.There are 4 Units there.The John Street property has 5 units and the Whitesboro Street property has 5 units.Please see the Data Sheet provided by the Owners.The tax parcels are:120.26-3-62; 119.52-3-58; 318.59-3-30; 318.22-3-4. This is a must see property that is looking to stay rented with all the NEW highway construction,New Hospital going up and companies like CREE and others locating here.Property is 16.15% cap rate.

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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 Avant Realty 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 Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-10-19T19:14:19.013.
www.avantrealty.com/homes/110479612
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330;238-240;901;1801 King;Otsego;John;Whitesboro Street Utica, NY 13502

  • Price: $519,000
  • Status: Active Under Contract
  • Updated: 39 min ago
  • MLS #: S1296413
0
Beds
0
Baths
0
½ Baths
N/A
Acres
13,722
SQFT
$38
$/SQFT
Neighborhood:
Utica-City-301600
County:
Oneida
Area:
Utica-City-301600
School District:
Utica
Property Description
______________________________________________________________________________________________Public Remarks: INVESTORS AND ENTREPRENEURS:ALL 4 PROPERTIES WITH 5 HOUSES CONTAINING 19 RENTALS ARE TO BE SOLD AS ONE PACKAGE.Great condition with 19 leasable spaces.Only one is vacant because the LL is prepping it to rent.Properties are in Utica, Herkimer, and Ilion. They are all well maintained and have a lucrative Net Operating Income.The property on King Street in Herkimer has 2 houses on 1 parcel for a total of 5 apartments and a 2 bay barn that could house cars or be used for storage.The only parcel that requires flood insurance if you have a mortgage is the Ilion property however, it has not been problematic.There are 4 Units there.The John Street property has 5 units and the Whitesboro Street property has 5 units.Please see the Data Sheet provided by the Owners.The tax parcels are:120.26-3-62; 119.52-3-58; 318.59-3-30; 318.22-3-4. This is a must see property that is looking to stay rented with all the NEW highway construction,New Hospital going up and companies like CREE and others locating here.Property is 16.15% cap rate.
Exterior Features

Construction Materials BrickFrameWood Siding Parking Features CommonDrivewayOn SiteParking Lot Parking Total 20 Roof AsphaltShingle Waterfront YN No

Interior Features

Basement FullPartial Cooling OtherSee Remarks Fireplace YN No Fireplaces Total 0 Flooring HardwoodLinoleumVariesVinylCarpet Heating ElectricGasOtherSee RemarksForced Air Heating YN Yes Levels Two

Property Features

Documents Available AerialOtherSee Remarks Electric 240 Volts Inclusions Land And BuildingLandBuilding And Business Lease Considered YN No Listing Terms CashConventionalOtherSee Remarks Possession Close Of Escrow Possible Use OtherResidentialSee Remarks Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 13449 Zoning Com 1 Zoning Description Other - See Remarks

Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Matthew Pryputniewicz of Berkshire Hathaway Home Services Cny.
©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 Avant Realty 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 Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-10-19T19:14:19.013.
 
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