418 Bacon St, Utica, NY 13501

Description

OPPERTUNITY IS KNOCKING!! This brick-built 6-unit property offers an impressive 7,900+ sqft of living space providing exceptional rental income potential. Each floor features two spacious 2-bedroom 1 bath apartments with eat-in kitchens & nicely sized living rooms making this an ideal multi-family investment. Several units have been refreshed with new flooring, fresh paint, and updated kitchens, creating a clean and appealing living experience for tenants. The building is efficiently set up with separate gas and electric utilities for each unit, minimizing owner expenses. A full basement provides ample space for storage and utilities, adding even more functionality to the property and small back yard for tenants to enjoy. Perfectly situated along the Utica bus line, this location offers unbeatable convenience—just minutes from restaurants, shopping, downtown Utica, and Route 5S. Whether you’re expanding your portfolio or seeking a high-yield opportunity, this property checks all the boxes. A little TLC will turn this rental property into an INCOME POWER HOUSE. ARV Value is 330k-350k. Currently the properties gross rent is $2625 with 50% vacancy. Don’t miss out on this rare investment gem!