Kingston, NY 12401,230 Downs ST
Kingston, NY 12401,230 Downs ST
Kingston, NY 12401,230 Downs ST
Kingston, NY 12401,230 Downs ST
Kingston, NY 12401,230 Downs ST
Kingston, NY 12401,230 Downs ST
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Listed by: Keller Williams Upstate NY Pro
$ 315,000
Est. payment | /mo

2 Beds

1,386 SqFt


Save
$ 315,000
Est. payment | /mo
Save

2 Beds

1,386 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,386 sqft

Price per Sqft $227

MLS Listing ID 20255496

Bedrooms 2

HOA Y/N No

Year Built 1924

Annual Tax Amount $4,682

Tax Year 4682

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Multi Family

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

230 Downs: Your chance for an easy and affordable opportunity. A two unit, well priced apartment building in Kingston's midtown provides the perfect option for building an investment portfolio or to begin the house hacking dream: live in one unit and rent the other... Estimated Cap rate at list price is approx 9.4 making this a no brainer deal to snatch up fast...
For those wanting a single family.... you can easily convert this back to that or, just move on in and have two kitchens to feast with.
Each unit is 1BR 1BA (shower/tub combo in both) with some original hardwood flooring. The downstairs unit has charming built ins reminiscent of this original 1920's architecture. A corner lot with private parking/driveway in addition to abundant street parking makes this an easy location for renting. The covered front porch is perfect for morning coffee .The downstairs unit can be accessed through the front porch hallway entry, or a private back entrance off the driveway with it's own sunroom. Full basement with interior and side yard access for shared laundry (new machines). Upstairs unit has access to walk up unfinished attic for storage. Each unit has it's own electric meter. Landlord currently pays for gas for the brand new efficient furnace with smart thermostat (but a conversion to minisplits would put that expense into the tenants column). Roof approx 5+ years old. Double pane windows. Currently solely owner occupied, and delivered vacant for the next owner. Market rents are ~1,500-1,550 for top unit, 1,650-1,750 for bottom unit.
Clearly time to leap!

Location

State NY

County Ulster

Area Kingston, City

Zoning T4N

Rooms

Basement Block, Exterior Entry, Full, Interior Entry, Storage Space, Unfinished, Walk-Out Access, Walk-Up Access

Interior

Interior Features 3 Seasons Room, Bookcases, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Speed Internet, Natural Woodwork, Pantry, Smart Thermostat

Heating Central, Forced Air, Natural Gas

Cooling Ceiling Fan(s)

Flooring Combination, Hardwood, Laminate

Inclusions stove (2) fridge (2) washer/dryer blinds, curtain rods excludes some curtains

Fireplace No

Laundry Common Area, Electric Dryer Hookup, In Basement, Washer Hookup

Exterior

Exterior Feature Awning(s), Private Entrance

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Porch Awning(s), Covered, Enclosed, Front Porch, Porch, Rear Porch

Garage No

Building

Lot Description City Lot, Corner Lot, Front Yard, Near Golf Course

Story 4

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

High Schools Kingston Consolidated

School District Kingston Consolidated

Others

Senior Community No

Tax ID 48.318-8-4

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Jason Dugo

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY, 12477, United States

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230 Downs ST