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.
Location
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Courtesy of: Exit Realty Mohawk Valleys Choice Attribution contact: 315-525-2228 | 315-525-2228 All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Howard Hanna shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2022 GENRIS. All rights reserved Updated: 7th February, 2023 3:55 AM (UTC)
