Kingston, NY 12401,172 Downs ST
Kingston, NY 12401,172 Downs ST,Video Tour
Kingston, NY 12401,172 Downs ST
Kingston, NY 12401,172 Downs ST
Kingston, NY 12401,172 Downs ST
Kingston, NY 12401,172 Downs ST
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$ 330,000
Est. payment | /mo

4 Beds

2 Baths

3,598 Sqft Lot


$ 330,000
Est. payment | /mo

4 Beds

2 Baths

3,598 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID KEYH6328187

Bedrooms 4

Full Baths 2

Originating Board onekey2

Rental Info No

Year Built 1915

Annual Tax Amount $5,066

Lot Size 3,598 Sqft

Acres 0.0826

Property Description

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

Location

State NY

County Ulster County

Rooms

Basement Unfinished

Interior

Heating Electric, Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Utilities Available Trash Collection Public

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Vinyl Siding

Schools

Elementary Schools George Washington School

Middle Schools J Watson Bailey Middle School

High Schools Kingston High School

School District Kingston

Others

Senior Community No

Special Listing Condition None

Listed by Country House Realty Inc
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+1(631) 612-1616

shaughnessysells@gmail.com

150 Motor Parkway, Suite 401, Hauppauge, NY, Other

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172 Downs ST