619 Plant St Utica, NY 13502
Turnkey investment property with income potential in a growing neighborhood.
Lot size:
0.16 AcresProperty Features for 619 Plant St
General Information
- Property type
- Investment
- Standard status
- Pending
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agency: eXp Realty Listing Agent: Philip Rosa
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Tenant-Occupied 5-Unit Apartment Building
This tenant-occupied 5-unit apartment building presents an investment opportunity in a burgeoning neighborhood favored by students. The property comprises a mix of unit types, including one 3-bedroom unit, two 1-bedroom units, and one studio apartment, totaling 7 beds. Two units are available for immediate occupancy. The tenants are compliant and hold month-to-month leases. The property has undergone recent upgrades. Its location offers proximity to conveniences, including a new Downtown Hospital, potentially attracting travel workers seeking housing. The property is suitable for owner-occupancy or short-term rentals. The property offers potential for increased rental income by achieving market rents for all units, potentially generating up to $6,000 per month or $70,000 annually. Sober living and student rentals are viable options for this property.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.2447566
- Latitude
- 43.0969532
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FAQs
What type of property is this?
Apartment building - Turnkey investment property with income potential in a growing neighborhood.
Where is this apartment building located?
The property is located at 619 Plant St Utica, NY.
What is the asking price?
The asking price for this property is $282,900.
What are key features of this property?
This property features: - Turnkey 5-unit apartment building in a burgeoning neighborhood, offering immediate rental income potential.; - Two units are vacant and ready for immediate occupancy, allowing for flexible rental strategies.; - Potential for high cash-on-cash return with market rent estimated up to $6,000/month ($70,000/year).
