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172 Downs Street Kingston, NY 12401
$330,000
  • For Sale
  • 4 Bedrooms
  • 2 Full Baths
  • 1560 SqFt
  • Year Built 1915
  • Misc
  • ML# H6328187

Property Details

Overview

Built in 1915, the current owners have made significant updates to the building, including a new roof, new TimberTech front porch, bathroom renovation in the downstairs unit, and new carpet in the upstairs unit. Each unit is 780 square feet, with two bedrooms and one bathroom. The spacious backyard is ripe for landscaping to add value to the property. Apartment 1 rents at $1, 380 monthly, and Apartment 2 rents at $1490 monthly, for a total monthly rent of $2, 870, $34, 400 annually. With low expenses, as tenants pay their own utilities, this is an estimated 8% cap rate at the asking price of $330, 000.Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and while these tenants are in good standing, market rate rents could improve the property’s cash flow and cap rate significantly.Both units are occupied, proof of funds required for showing. Advance notice required. Showing times: Sundays 12-4pm

Key Facts

  • SqFt: 1560.00
  • Lot Size: 0.0826
  • Lot Sq Ft: 3598
  • Taxes: $5,066
  • School District: George Washington

Additional Features

  • Construction Materials: Frame, Vinyl Siding
  • Parking Spaces: Yes
  • Parking Facilities: On Street

Rooms & Floor Plans

  • Bedroom: 4
  • Full Bath: 2

Interior & Utilities

  • Heat: Electric, Baseboard
  • A/C: Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $5,066
Listing Information provided courtesy of Country House Realty Inc  845-397-2590
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com