Multi Family 5+ in Ulster County
| MLS Number | 816701 |
|---|---|
| Address | 79-83 Green Street, Kingston, NY 12401 show map |
| Price | $1,795,000 show mortgage calculator |
| Acres | 0.24391643709826 |
| Year Built | 1945 |
| Est. Sq. Footage | 0 |
| Elementary School | Contact Agent |
| Jr High-Middle School | J Watson Bailey Middle School |
| High School | Kingston High School |
| Estimated Taxes | $35,953 |
| Total Apt Units | 22 |
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.
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