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1434 Genesee St
Utica, NY 13502
Algonquin Apartments · Multifamily Property For Sale
·
46 Units
PROPERTY FACTS
| No. Units | 46 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 54,372 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1960 |
| Zoning | C | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 54,372 SF |
| Average Occupancy | 98% |
| No. Stories | 5 |
| Year Built | 1960 |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Elevator
ABOUT 1434 GENESEE ST , UTICA, NY 13502
Property tours are available by appointment ONLY. Please contact Cayce Ortale at 615-364-1125 or ortaleequities@gmail.com to schedule. Investment Highlights: 46-unit 4-story ñ31,616 GSF multifamily building 100% occupied by month-to-month tenants paying an average of ñ$603 per month Located within a mile of downtown Utica, NY Community amenities include an elevator, coin operated laundry facilities, and an off-site manager Conveniently located off of the Utica Bus Line Offering includes adjacent ñ0.25-acre vacant land parcel Investment Overview: 1434 Genesee Street, also known as Algonquin Apartments (the "Property") is a 46-unit, interior corridor, multifamily apartment building consisting of one, four-story building with ñ31,616 GSF located in Utica, NY. Also included is 10 Oswego Street, an adjacent ñ0.25-acre vacant land parcel currently in use as a driveway for the apartments. Constructed in 1960, the "Property" is demised into 15 studio apartments, 28 one-bedroom/one-bath, and 3 two bedroom/one-bath apartments. The Property is currently 100.0% occupied by month-to-month tenants with no inplace lease agreements. The apartments feature refrigerators, heating, sprink The apartments feature refrigerators, heating, sprinklers, and high-speed internet. Community amenities include an elevator, coin operated laundry facilities, and off-site manager. This offering includes two parcels totaling ñ0.66 acres, and includes parking behind the apartments. The Property is located at 1434 Genesee Street, within a mile of downtown Utica, NY. There are several medical facilities nearby including Sister Rose Vincent Family Medical Center, Faxton St Luke's Healthcare Regional Hospital, RPCN Utica Community Health Center, St Elizabeth Women's Health Center, and St Elizabeth Medical Center. Schools nearby include Utica Academy, Utica College, Watson Williams Elementary School, N. A. Walbran Elementary School, Senator James H Donovan Middle School, and Thomas R Proctor High School. The Property has a very walkable score of 76 and is located on the Utica bus line. There is a westbound stop located within two blocks and an eastbound stop within a half block. Surrounding land uses consist primarily of single-family, two family, and multi-family housing, along with some business and retail properties dispersed throughout the area. Businesses that are in close proxim
PROPERTY TAXES
| Parcel Number | 318-064-0002-033-000-0000 | Improvements Assessment | $331,000 |
| Land Assessment | $19,000 | Total Assessment | $350,000 |
PROPERTY TAXES
