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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30BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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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