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$3,300,000 A-Active

1434 Genesee Street
Utica, NY 13502

46 units |
31,616 sq ft

Commercial: Commercial - 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, the property 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 property was 92% occupied. Units features include range/oven, refrigerator, sprinklers, heating, and high-speed internet. There are also coin 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
  • Boiler Type: High Pressure-Steam
  • Category: Apartments, Commercial
  • City Village Tax: 9286
  • Construction: Masonry
  • County/Area: Oneida County
  • Directions To Property: Off Genesee St
  • Heating Fuel Description: Gas, Gas Available
  • HVAC Type: Hot Water
  • Incomeexpense Information: Provided By Accountants, Provided By Owner
  • Listing Status: A-Active
  • Living Quarters Description: Apartment
  • Living Quarters YN: Yes
  • Location: Residential
  • Lot Dimensions Depth: 200
  • Lot Dimensions Frontage: 90
  • Nearest Cross Street: Oswego
  • Number Of 1 Bedroom Units: 31
  • Number Of 2 Bedroom Units: 3
  • Number Of Buildings: 1
  • Number Of Studio Units: 12
  • Operating Expenses Include: Electric, Gas/Oil, Insurance, Rent, Repairs/Maintenance, Sewer, Utilities
  • Parking Spaces: 40
  • Property Type: Commercial
  • Public Transportation: 1 Block
  • Roof Description: Rubber Membrane
  • Sale Includes: Land And Building
  • School District: Utica
  • School Tax: 9438
  • Sewer Water: Public Sewer Available, Public Sewer Connected, Public Water Available, Public Water Connected
  • Sq.Ft.: 31616
  • Stories: 3+-Story
  • Sub Type: Commercial
  • Total Stories: 4
  • Total Taxes: 22930
  • Town County Tax: 4206
  • Transaction Type: Sell
  • Type Of Building: Residential
  • Units: 46
  • Village: Not Applicable
  • Year Built: 1960
  • Year Built Description: Existing
  • Zip Code: 13502
  • Zoning: 411

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