1121 Summit Place, Utica, NY 13501 | S1335757 | HUNT Real Estate

1121 Summit Place $680,000


    1121 Summit Place Utica, NY 13501

    • 22,568 sq. ft.
    • 0.22 Acres
    • Commercial
    • MLS# S1335757
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    Views: 50 Days On Site: 200

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    Property Details

    Description Tours

    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 !

    • General Features
      • Waterfront Y/N 0
      • YearBuilt 1910
      • Area Utica-City-301600
      • Tax Annual Amount $6,031
    • Building Features
      • Basement Full
      • Building Area Total 22568
      • Cooling See Remarks
      • Electric Other
      • Number Of Units Total 0
      • Roof Pitched
      • Heating Gas, See Remarks
      • Heating Y/N 1
    • Property Features
      • Lot Size Acres 0.22
      • Lot Size Dimensions 80X120
      • Parking Features Off Site



    13501 (Utica) Demographics

    34 Median Age
    4,192 Population Density (per sq. mile)
    30% College Educated
    $40,264 Estimated Median Income
    6,788 Estimated Total Home Owners
    6,987 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    36,920 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $206,000 Median Sales Price
    10 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $680,000
        5/15/2021 1:15:00 PM New in Database Source: Multiple Listing Service New Value: $680,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.