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14-16 Watson Place

Utica, NY 13501
  • $569,000
  • STATUS: Active
  • MLS #: 202215190
UPDATED: 43 min ago
$569,000
  • 30
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1935
County:
Area:

School Ratings & Info

School District:

Description

Welcome to The Romar! 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 original details

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© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-05-24T22:12:33.883.
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14-16 Watson Place Utica, NY 13501

  • Price: $569,000
  • Status: Active
  • On Site: Days
  • Updated: 43 min ago
  • MLS #: 202215190
30
Beds
0
Baths
0
½ Baths
0.22
Acres
1935
Built
County:
Oneida
Area:
Oneida
School District:
Utica
Property Description
Welcome to The Romar! 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 original details
Exterior Features

Architectural Style 3 StoryApartment 4 Plus UnitLow Rise Construction Materials Vinyl Siding Exterior Features None Lot Size Dimensions 80 X 120 Parking Total 10.00 Waterfront YN No

Interior Features

Basement Finished Heating Forced AirNatural Gas Multi Family Unit1 Total Bedrooms 2 Multi Family Unit1 Total Full Baths 1 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 7 Multi Family Unit2 Total Bedrooms 2 Multi Family Unit2 Total Full Baths 1 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 7 Multi Family Unit3 Total Bedrooms 2 Multi Family Unit3 Total Full Baths 1 Multi Family Unit3 Total Half Baths 0 Multi Family Unit3 Total Rooms 7 Multi Family Unit4 Total Bedrooms 2 Multi Family Unit4 Total Full Baths 1 Multi Family Unit4 Total Half Baths 0 Multi Family Unit4 Total Rooms 7 Multi Family Unit5 Total Bedrooms 2 Multi Family Unit5 Total Full Baths 1 Multi Family Unit5 Total Half Baths 0 Multi Family Unit5 Total Rooms 7

Property Features

Association YN No City Town Taxing Entity Utica Enhanced Accessible YN No Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Possession At Closing Property Sub Type Multi Family Separate Utilities ElectricGasHeat Sewer Public Sewer Tax Annual Amount 7704.00 Water Source Public

Listing information © 2022 Global MLS.
Listing provided courtesy of John M Bevilacqua of The Property Shop:(518) 396-5850.



© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-05-24T22:12:33.883.
 
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