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$3,300,000 For Sale

1434 Genesee Street
Utica, NY 13502

46 units | Multi Family Home - MLS# S1192400
Property Photo
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Description

RARE INVESTMENT OPPORTUNITY! 31,616 gross sq. ft., multi-family building located at 1434 Genesee Street in Utica, New York. This four-story, interior corridor building is comprised of 46 units. This property consists of (31)1 bedroom/1 bathroom apartments, 12 studio apartments, and (3) 2 bedroom/1 bathroom apartments. Constructed in 1960, theproperty sits on 0.41 acres of land and includes parking for 40 cars behind the building. As of the 05/01/19 rent roll, the propertywas 92% occupied. Units features include range/oven, refrigerator, sprinklers, heating, and high-speed internet. There are alsocoin operated laundry facilities, security room with monitors, brand new survailance system within the building and one elevator. The Property, known as Algonquin Apartments, is half mile west of downtown Utica.

Features

  • # of Parking Spaces: 40
  • Basement: Full
  • Building Area Total: 31616
  • Construction Materials: Masonry
  • County/Area: Oneida County
  • Foundation Details: Basement
  • Heating: Gas, Hot Water
  • Heating YN: Yes
  • Inclusions: Land And Building
  • Listing Status: Active
  • Lot Dimensions: 90X200
  • Main Type: Commercial Sale
  • Number Of Buildings: 1
  • Operating Expense Includes: Electric, Fuel, Insurance
  • Parking Spaces: 40
  • Property Type: Multi Family Home
  • Roof: Membrane, Rubber
  • School District: Utica
  • Special Conditions Details: Standard
  • Sq.Ft.: 31616
  • Stories: 1-Story
  • Stories Total: 4
  • Sub Type: Apartment
  • Tax Annual Amount: 22930
  • Tax Assessed Value: 350000
  • Units: 46
  • Village: Not Applicable
  • Year Built: 1960
  • Year Built Details: Existing
  • Year Built Effective: 1960
  • Year Established: 1960
  • Zip Code: 13502
  • Zoning: 411
  • Zoning Description: Commercial

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