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58 St. James Street

Kingston, NY 12401
  • $1,695,000
  • STATUS: ACTIVE
  • ON SITE: 139 Days
  • MLS #: 20221453
Price Reduced
UPDATED: 46 min ago
$1,695,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

Cap rate at asking price is 9.63%. Loan is assumable at 4%. Uptown Kingston 17 unit apartment complex consisting of a main building with 14 apartments, then a detached carriage house with 3 apartments and a 1 car garage. Owner pays for all utilities in both buildings, main building has a natural gas boiler and gas hot water, carriage house has a forced air natural gas furnace and a gas hot water heater. Almost all units have been renovated/updated in the last few years, all hard wood flooring, some exposed and some under carpeting/other flooring. Building overall has undergone many improvements in the last few years from interior to exterior renovations. Location is very very desirable, walk to Uptown Kingston shops, restaurants, business and more. All tenants are very well qualified and up to date on the rent, Cap rate at asking price is 9.63%. Buyers agent to confirm expenses.

Extras: Turn Key building, all buyers mush show proof of funds or proof of bank financing prior to showing. First showing will be only a few units and exterior. Owner has about a $1.1M assumable loan at 4% interest, 25 year amortization fixed till 6/1/27. Curre

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-10-07T14:18:36.71
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58 St. James Street Kingston, NY 12401

  • Price: $1,695,000
  • Status: ACTIVE
  • On Site: 139 Days
  • Updated: 46 min ago
  • MLS #: 20221453
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1915
Built
Neighborhood:
Kingston-City
County:
Ulster
Area:
Kingston-City
School District:
Kingstonconsold
Property Description
Cap rate at asking price is 9.63%. Loan is assumable at 4%. Uptown Kingston 17 unit apartment complex consisting of a main building with 14 apartments, then a detached carriage house with 3 apartments and a 1 car garage. Owner pays for all utilities in both buildings, main building has a natural gas boiler and gas hot water, carriage house has a forced air natural gas furnace and a gas hot water heater. Almost all units have been renovated/updated in the last few years, all hard wood flooring, some exposed and some under carpeting/other flooring. Building overall has undergone many improvements in the last few years from interior to exterior renovations. Location is very very desirable, walk to Uptown Kingston shops, restaurants, business and more. All tenants are very well qualified and up to date on the rent, Cap rate at asking price is 9.63%. Buyers agent to confirm expenses.

Extras: Turn Key building, all buyers mush show proof of funds or proof of bank financing prior to showing. First showing will be only a few units and exterior. Owner has about a $1.1M assumable loan at 4% interest, 25 year amortization fixed till 6/1/27. Curre
Exterior Features

Construction Frame/Stick Driveway Blacktop Exterior Features Partial FencedLandscapedOutside Lighting Garage Parking Extras DrivewayLot-PavedOff Street Garage Type Garage Detached Lot Features LandscapedLevel Other Buildings Other/See Remarks Porch DeckOpen Roof Asph Shingle Siding Wood

Interior Features

Amenities Garden AreaPlay AreaBus Route Appliances RangeRefrigerator Attic FinishedStand UpWalk Up Basement Concrete FloorFinishedFullInterior AccessOther/See RemarksWalkout Fireplace Description BrickOther/See RemarksStone Fireplace Location Living Room Floors CarpetCeramicHardwoodVinyl Heat Source Forced AirHot Water Heating Fuel Natural Gas Hot Water Gas Interior Features Smoke DetectorCarbon Monixide DetectorStorm WindowsIntercom Kitchen Description Cabinets Wood Miscellaneous Features Ceiling-Vaulted Other Rooms Other/See Remarks Plumbing Mixed

Property Features

Annual Income 218700 Annual Net 159195 Annual Taxes 25872 Assessed 502000 Electricity 200 AMPS Flood Plain No Foreclosure YN No General Tax 9703 Lease Type Month To MonthOne Year Listing Type Exclusive Right Lot Dimensions 70X185 Lot Site City Monthly Income 18225 Other Income 0 Owner Pays All Utilities Owner Pays1 All UtilitiesElectricGasInsuranceMaintenanceRepairsSewerTaxesTrashWater School Tax 16169 Sewer Municipal Short Sale YN No Style Apt. ComplexTwo StoryVictorian Tenant Pays Rent Only Tenant Pays1 Rent Only Total Deposit 0 Total Taxes 25872 Type Multi-Unit Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221453 provided courtesy of Gregory Berardi of Berardi Realty: 845-201-1111.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-10-07T14:18:36.71
 
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The Petrocca Properties Team at Keller Williams Capital District
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Hudson NY, 12534