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$ 1,795,000
Est. payment | /mo
10,624 Sqft Lot
$ 1,795,000
Est. payment | /mo
10,624 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY816701
Originating Board onekey2
Rental Info No
Year Built 1945
Annual Tax Amount $35,952
Lot Size 10,624 Sqft
Acres 0.2439
Property Sub-Type Multi Family
Property Description
This is your opportunity to invest in a 22-unit multi-family property in the heart of Uptown Kingston. This income-producing building includes a combination of 1-bedroom, Studio, and Room Rentals with a Cap Rate exceeding 9. Recent renovations include new flooring, Kitchenettes, Bathrooms, and Common areas. The building is comprised of 4 living levels, and there is a shared coin-operated laundry facility on the finished lower level. The exterior of the building is all brick offering low maintenance. This is an easy management building, tenants pay rent, and the owner supplies all the utilities. Small rental units in Kingston are extremely desirable, the units are always rented with a very low vacancy. Approximately half of the units are single room occupancy with shared bathrooms.
Location
State NY
County Ulster County
Interior
Heating Other
Cooling None
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Utilities Available See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools J Watson Bailey Middle School
High Schools Kingston High School
School District Kingston
Others
Special Listing Condition None
Listed by Berardi Realty
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Mindy Skelly
Licensed Real Estate Broker