1020 Downer Ave, Utica, NY 13502

Fantastic opportunity to own a spacious 3-unit investment property located at 1020 Downer Avenue in the City of Utica. This well-maintained multi-family home offers over 5,000 square feet of living space and features three separate apartments, each with its own utilities, including individual gas, electric, and furnaces. The first-floor apartment includes 3 bedrooms, 1 full bath, an eat-in kitchen, and in-unit laundry, currently rented at $900/month. The second-floor apartment offers 3 bedrooms, 1 full bath, an eat-in kitchen, and in-unit laundry, rented at $850/month. The third-floor apartment includes 2 bedrooms, 1 full bath, and an eat-in kitchen, rented at $600/month. Property updates include newer front and back doors, a newly built side porch, and thermal windows. Each unit includes appliances such as a refrigerator, range/oven, and washers and dryers where applicable. Exterior features include vinyl siding, blacktop driveway with multiple parking spaces, and separate laundry hookups. Conveniently located in the heart of Utica’s college housing area, near the new Wynn Hospital, and close to restaurants, shopping, entertainment, and all of the amenities the city has to offer. With a potential gross annual income of $27,000+, this property offers a strong return and steady rental history. Public water, sewer, and gas are connected. A great opportunity for investors or owner-occupants alike.