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Kingston NY, 12401 $330,000

Misc For Sale 4 Beds , 2 Full Bath , 1560 SqFt 

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Details ML#: H6328187  

  • # of Families: 2
  • Year Built: 1915
  • Taxes: $5,066
  • Status:Active

Description

Built in 1915, the current owners have made significant updates to the building, including a new roof, new TimberTech front porch, bathroom renovation in the downstairs unit, and new carpet in the upstairs unit. Each unit is 780 square feet, with two bedrooms and one bathroom. The spacious backyard is ripe for landscaping to add value to the property. Apartment 1 rents at $1, 380 monthly, and Apartment 2 rents at $1490 monthly, for a total monthly rent of $2, 870, $34, 400 annually. With low expenses, as tenants pay their own utilities, this is an estimated 8% cap rate at the asking price of $330, 000.Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and while these tenants are in good standing, market rate rents could improve the property’s cash flow and cap rate significantly.Both units are occupied, proof of funds required for showing. Advance notice required. Showing times: Sundays 12-4pm

More Property Details

Room Information

Bedroom: 4   Full Bath: 2  

Property Features

Lot Size: 0.0826   Lot Sq Ft: 3598   Approx. Int. Sq. Ft.: 1560.00   Parking Spaces: Yes   Parking Facilities: On Street  

Appliances & Utilities

Heat: Electric, Baseboard   A/C: Wall/Window Unit(s)   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $5,066  

Local Area Information

School District: George Washington  

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