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    1121 Summit Place

    Utica, NY 13501
    • $680,000
    • STATUS: Active
    • ON SITE: 132 days
    • MLS #: S1335757
    $680,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,568
      SQFT
    • $30
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    Incredible investment property in booming City! Well maintained 3 story, 19 unit apartment bldg. Fully occupied with no tenant/eviction issues. Composed of 16- 2bdrm units; 2- 1bdrm units; & 1 studio apt. Centrally located on a quiet one way street, only 4 minutes away from downtown Utica and new hospital. Spacious apts. with charming bay window views & w/some hardwood floors, that are in high demand in ever growing City. Pride of ownership shines in this historic brick bldg w/many improvements. Individual gas & electric meters. Heat, hot & cold water are included in the rents. Within last 2 years- highly durable 100% silicone coating was applied to main roof. Boilers recently replace- last 3 years. 3 additional backup boilers. Income & expense statements justify the market value of this bldg. Rents are currently below market rate. Many long term tenants w/plenty of room for upside & cash flow. Building is just as appealing on the inside as it is on the outside! Serious investors only! You will not be disappointed !

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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 The CJ Lore Team | Lore Real Estate Services 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 The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-09-25T00:13:56.117.
    www.getmorewithlore.com/homes/117263121
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    1121 Summit Place Utica, NY 13501

    • Price: $680,000
    • Status: Active
    • MLS #: S1335757
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    22,568
    SQFT
    $30
    $/SQFT
    1910
    Built
    Neighborhood:
    Utica-City-301600
    County:
    Oneida
    Area:
    Utica-City-301600
    School District:
    Utica
    Property Description
    Incredible investment property in booming City! Well maintained 3 story, 19 unit apartment bldg. Fully occupied with no tenant/eviction issues. Composed of 16- 2bdrm units; 2- 1bdrm units; & 1 studio apt. Centrally located on a quiet one way street, only 4 minutes away from downtown Utica and new hospital. Spacious apts. with charming bay window views & w/some hardwood floors, that are in high demand in ever growing City. Pride of ownership shines in this historic brick bldg w/many improvements. Individual gas & electric meters. Heat, hot & cold water are included in the rents. Within last 2 years- highly durable 100% silicone coating was applied to main roof. Boilers recently replace- last 3 years. 3 additional backup boilers. Income & expense statements justify the market value of this bldg. Rents are currently below market rate. Many long term tenants w/plenty of room for upside & cash flow. Building is just as appealing on the inside as it is on the outside! Serious investors only! You will not be disappointed !
    Exterior Features

    Construction Materials Brick Lot Features Rectangular Parking Features Off Site Parking Total 0 Roof Pitched Waterfront YN No

    Interior Features

    Basement Full Cooling OtherSee Remarks Fireplace YN No Fireplaces Total 0 Heating GasOtherSee Remarks Heating YN Yes

    Property Features

    Documents Available OtherSee Remarks Electric Other Inclusions Land And Building Lease Considered YN No Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Apartment Special Listing Conditions Standard Tax Annual Amount 6031 Zoning Res. Mixed Zoning Description Residential Multi Use

    Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Merima Smajic of Coldwell Banker Prime Properties.
    ©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 The CJ Lore Team | Lore Real Estate Services 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 The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-09-25T00:13:56.117.
     
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    Rochester NY, 14604