Kingston NY, 12401
$1,850,000
Multi Family
Commercial
Details
ML#: 816701
- # of Families: 22
- Sale or Rent:Sale
- Year Built: 1945
- Taxes: $35,953
- Status:Active
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.
More Property Details
Lot Size: 0.2439
Lot Sq Ft: 10625
Heat: Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $35,953
School District: Contact Agent
Zoning: T5N
Listing Information provided courtesy of
Berardi Realty
845-201-1111