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$ 470,000
Est. payment | /mo
2,787 Sqft Lot
$ 470,000
Est. payment | /mo
2,787 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY814124
Originating Board onekey2
Rental Info No
Year Built 1920
Annual Tax Amount $12,483
Lot Size 2,787 Sqft
Acres 0.064
Property Sub-Type Multi Family
Property Description
This is a great opportunity to invest in the heart of Kingston's Midtown. This profitable five-unit home is a proven money maker with solid tenants in place and a 9.16 cap rate. Built in 1920 and just a few blocks from Uptown Kingston. Perfectly situated near much of what makes this area so special. Rental units are in high demand as Kingston continues to grow. Two 2-bedroom units, two 1-bedroom units, and one studio with its own exterior entrance. Unit #2 has access to the backyard with a covered porch. The heating system and roof are new. Tenants are just a few blocks from cafes, restaurants, and public transportation. The backyard is ready for landscaping to create some quality outdoor space.
Location
State NY
County Ulster County
Rooms
Basement Finished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features None
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Chambers
School District Kingston
Others
Special Listing Condition None
Listed by Coldwell Banker Village Green
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