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Kingston,NY 12401
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,186 sqft
Price per Sqft $219
MLS Listing ID 20250206
Bedrooms 22
HOA Y/N No
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1945
Annual Tax Amount $37,093
Tax Year 37093
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 85 x 125
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
Area Kingston,City
Zoning T5N
Exterior
Garage No
Schools
High Schools Kingston Consolidated
School District Kingston Consolidated
Others
Tax ID 14