619 Plant St Utica, NY 13502
- Commercial real estate
- 2,998 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 619 Plant St
- Year built
- 1900
- Lot size
- 0.16 lot acres
- Property size
- 2,998 SF
- Property type
- Commercial real estate
Description
This exceptional five-unit apartment building in Utica, NY, presents a compelling investment opportunity. Located at 619 Plant Street, Unit 5, this 2,998 square foot property sits on a 0.16-acre lot. The building currently houses five units, with a mix of one-bedroom/one-bathroom and three-bedroom/one-bathroom configurations, totaling seven bedrooms. Two units are vacant and ready for immediate occupancy. All tenants are on month-to-month leases and are compliant. Recent upgrades have enhanced the property's value and appeal. The building's location in a thriving neighborhood near a new Downtown Hospital is particularly attractive, given the increased demand for housing from hospital staff. The property's proximity to student housing and various amenities further strengthens its rental potential. Current market rent is nearly $6,000 per month, generating an estimated annual income of $70,000. Detailed operational expenses are available upon request for qualified buyers. This turnkey investment is ideal for house hackers or those interested in short-term rentals, offering the potential for significant cash-on-cash return and the possibility of living rent-free while generating passive income. A 48-hour notice is required for showings to accommodate current residents.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.24478
- Latitude
- 43.09696
