Description
UNDER CONTRACT-CONTINGENT. Own a piece of Utica's history and take part in the cities revitalization. 1011 State Street is the oldest building on the block. Prime location, location, location! With Pratt Munson College of Art & Design and Players Of Utica Theater next door, the new Wynn hospital just blocks away, this is an excellent opportunity for mid-level apartments. 2 buildings on 1 corner lot, 1 tax number, 1011 State St., & 432 Mandeville St. 1011 State has many historic architecural features intact & could be turned into a 1family home, collect rent on the rest. 1st flr is a 1BR/1BA apt. 2nd flr is a 2BR/1BA apt that needs finishing touches. Partially detached on the 2nd flr is a very well maintained studio apartment. 432 Mandeville is a one story 2 BR, 1 BA apartment, it was previously used as a small grocery store and has a utility room attached. Both buildings are a work in progress w/updates needed. There's a full basement, 4 hot water tanks and separate electric and gas meters for each unit. This property has potential to earn you positive cash flow for years to come! Property being sold "as-is."
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6BEDS
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0.13ACRES
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4BATHS
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01/2 BATHS
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5,424SQFT
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$35$/SQFT
School Information
Description
UNDER CONTRACT-CONTINGENT. Own a piece of Utica's history and take part in the cities revitalization. 1011 State Street is the oldest building on the block. Prime location, location, location! With Pratt Munson College of Art & Design and Players Of Utica Theater next door, the new Wynn hospital just blocks away, this is an excellent opportunity for mid-level apartments. 2 buildings on 1 corner lot, 1 tax number, 1011 State St., & 432 Mandeville St. 1011 State has many historic architecural features intact & could be turned into a 1family home, collect rent on the rest. 1st flr is a 1BR/1BA apt. 2nd flr is a 2BR/1BA apt that needs finishing touches. Partially detached on the 2nd flr is a very well maintained studio apartment. 432 Mandeville is a one story 2 BR, 1 BA apartment, it was previously used as a small grocery store and has a utility room attached. Both buildings are a work in progress w/updates needed. There's a full basement, 4 hot water tanks and separate electric and gas meters for each unit. This property has potential to earn you positive cash flow for years to come! Property being sold "as-is."
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