Description
Welcome to The Romar! The Property Shop is please to present for sale The Romar Building located on Watson Place just off Genesee St. in Utica, NY. The subject properties are two contiguous parcels consisting of a 13 unit prewar building and single family home joined by a common driveway and parking lot with ample space for tenant cars. Currently at the list price the property yields on a blended cap rate over 13% and cash on cash return north of 32%! The main building consists of (1) Studio, (4) 1 Bedroom units, and (8) 2 Bedroom units and the single family home is a Cape Cod style home with 3 bedrooms and 2 bathrooms. The main apartment building property was renovated a few years ago and features large floor plans with original hardwood floors, coiffured ceilings, and countless original pre-war detail. Each apartment has its own forced hot air furnace and separate electric meters. Owner has had parking lot and driveway re-surfaced and striped, 2 new 75 gallon hot water tanks, and recent roof and chimney work, property has lead paint free certification through Oneida County.Buildings areuildings are sold as is sold as is.Inspect before for informational purpose for buyer.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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24,568SQFT
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$23$/SQFT
Description
Welcome to The Romar! The Property Shop is please to present for sale The Romar Building located on Watson Place just off Genesee St. in Utica, NY. The subject properties are two contiguous parcels consisting of a 13 unit prewar building and single family home joined by a common driveway and parking lot with ample space for tenant cars. Currently at the list price the property yields on a blended cap rate over 13% and cash on cash return north of 32%! The main building consists of (1) Studio, (4) 1 Bedroom units, and (8) 2 Bedroom units and the single family home is a Cape Cod style home with 3 bedrooms and 2 bathrooms. The main apartment building property was renovated a few years ago and features large floor plans with original hardwood floors, coiffured ceilings, and countless original pre-war detail. Each apartment has its own forced hot air furnace and separate electric meters. Owner has had parking lot and driveway re-surfaced and striped, 2 new 75 gallon hot water tanks, and recent roof and chimney work, property has lead paint free certification through Oneida County.Buildings areuildings are sold as is sold as is.Inspect before for informational purpose for buyer.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than HusVar Real Estate are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2023-03-27T10:14:04.67.
Listing information © 2023 CNYIS, GENRIS, WNYREIS. Listing provided by John Thomas Bevilacqua of Exit Realty Mohawk Valleys Choice : [IDXCONTACTINFORMATION].