330;238-240;901;1801; King;Otsego;John;Whitesboro Street, Utica, NY 13502 | S1296413 | HUNT Real Estate

330;238-240;901;1801; King;Otsego;John;Whitesboro Street $519,000


    330;238-240;901;1801; King;Otsego;John;Whitesboro Street Utica, NY 13502

    • 13,722 sq. ft.
    • Commercial
    • MLS# S1296413
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    Views: 93 Days On Site: 428

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    Property Details

    Description Tours

    ______________________________________________________________________________________________ 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.

    • General Features
      • Waterfront Y/N 0
      • Area Utica-City-301600
      • Tax Annual Amount $13,449
    • Building Features
      • Basement Full,Partial
      • Building Area Total 13722
      • Cooling See Remarks
      • Electric 240 Volts
      • Number Of Units Total 19
      • Roof Asphalt, Shingle
      • Heating Electric, Gas, See Remarks, Forced Air
      • Heating Y/N 1
    • Property Features
      • Lot Size Dimensions 999X999
      • Parking Features Common, Driveway, On Site



    13502 (Utica) Demographics

    36 Median Age
    615 Population Density (per sq. mile)
    36% College Educated
    $43,110 Estimated Median Income
    7,634 Estimated Total Home Owners
    5,302 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    33,314 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $136,750 Median Sales Price
    12 Homes Sold
    31 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: $519,000
        10/22/2021 4:14:32 PM Status Changed Source: Multiple Listing Service New Value: Pending
        9/28/2020 5:30:00 PM New in Database Source: Multiple Listing Service New Value: $519,000

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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.