14-16 Watson Pl | Utica, NY 13502
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- LoopNet Team
14-16 Watson Pl
Utica, NY 13502
The Romar- Utica, NY Multifamily Property · Multifamily Property For Sale · 14 Units
Investment Highlights
- 13-unit multi-family apartment building with a variety of different floor plans and layouts Plus Single Family Home
- Well-located with excellent access to public transportation, I-90, Utica College, and various shops and restaurants.
- Recent updates include a resurfaced driveway and parking lot, new hot water tanks, and chimney and roof work.
- 100%-occupied, the property presents an excellent value-add opportunity through rental escalations.
- Cash-flowing asset with an annual NOI of over $70,000.
- Units feature original hardwood floors, coiffured ceilings, numerous pre-war details, and separate forced hot air furnaces and electric meters.
PROPERTY FACTS
| No. Units | 14 | Building Size | 9,398 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1935/2016 |
| Building Class | B | Parking Ratio | 1.06/1,000 SF |
| Lot Size | 0.22 AC |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 9,398 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2016 |
| Parking Ratio | 1.06/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $675.00 | - |
| 1+1 | 4 | $575.00 | - |
| Studios | 1 | $650.00 | - |
| 3+2 | 1 | $1,000 | - |
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