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Listed by: Exit Realty Connections
$ 395,000
Est. payment | /mo
13 Beds
2 Baths
3,200 SqFt
$ 395,000
Est. payment | /mo
13 Beds
2 Baths
3,200 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $123
MLS Listing ID 20262218
Bedrooms 13
HOA Y/N No
Year Built 1950
Annual Tax Amount $13,714
Tax Year 13714
Lot Size 0.554 Acres
Acres 0.55
Property Sub-Type Triplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Creative financing considered. Located in the heart of the rapidly evolving Midtown Kingston corridor, this mixed-use investment property offers immediate cash flow with substantial upside potential. The property consists of three units, including two occupied residential apartments and one vacant commercial space with the possibility of conversion to an additional residential unit, subject to municipal approvals.
Unit one features a spacious two-bedroom layout, while unit two offers a large two-bedroom floor plan with an additional den, ideal for a home office, guest room, or flex space. Both residential units are occupied by paying tenants in good standing, providing stable existing income from day one.
The vacant commercial space presents a compelling value-add opportunity for investors seeking to maximize returns through redevelopment or residential conversion. With a private parking lot and flexible configuration options, the property is well-positioned to capitalize on the continued growth and demand in Midtown Kingston.
Projected rental income has the potential to exceed 5,000 per month once fully optimized. Conveniently located near restaurants, shops, the arts district, Uptown Kingston, and the Rondout waterfront, this is an opportunity to invest in one of the Hudson Valley's most active and expanding markets.
Ideal for investors, owner-occupants, or those seeking a mixed-use asset with long-term growth potential.
Unit one features a spacious two-bedroom layout, while unit two offers a large two-bedroom floor plan with an additional den, ideal for a home office, guest room, or flex space. Both residential units are occupied by paying tenants in good standing, providing stable existing income from day one.
The vacant commercial space presents a compelling value-add opportunity for investors seeking to maximize returns through redevelopment or residential conversion. With a private parking lot and flexible configuration options, the property is well-positioned to capitalize on the continued growth and demand in Midtown Kingston.
Projected rental income has the potential to exceed 5,000 per month once fully optimized. Conveniently located near restaurants, shops, the arts district, Uptown Kingston, and the Rondout waterfront, this is an opportunity to invest in one of the Hudson Valley's most active and expanding markets.
Ideal for investors, owner-occupants, or those seeking a mixed-use asset with long-term growth potential.
Location
State NY
County Ulster
Area Kingston, City
Zoning T4N-O
Building
Story 3
Schools
Elementary Schools Ernest C. Myer School
High Schools Kingston Consolidated
School District Kingston Consolidated
Others
Tax ID 080004807400010460000000
NEARBY SCHOOL & BUSINESS
