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Originally constructed in 1850, years of history still remain in the East Kingston School House that is now a fully occupied brick 4 family unit (converted in 1974). This 4 unit has off street parking, big back yard, separate gas and electric meters. Upgrades include a newer roof and box gutters (2010), new septic system and leech field (2013) hot water heaters in (2013), and new windows (2015). Long term tenants. Tenants pay all utilities and are on month to month leases. Net income reflects 3% vacancy credit and 3% for repair/maintenance producing positive cash flow after debt service and 9.2% cap rate at asking price. Cash on cash return approximately 17.9%. Great investment opportunity that still encompasses its history!

More Info

Basic Information

  • Acreage0.45
  • Lfd ConditionGOOD
  • List Price$282,500
  • MLS Number20173559
  • Property Type4 Family
  • SewerSEPTIC-INGR.
  • TermsTO QUAL. BUYER
  • Units4
  • Year Built1850

Utilities

  • Cooling Air ConditioningWINDOW UNIT
  • Heating FuelNATURAL GAS
  • Hot WaterELECTRIC

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity200 AMPS
  • Lot7
  • Lot Dimensions100x200
  • Lot FeaturesLEVEL, PARKING LOT
  • PlumbingMIXED
  • Short SaleNo
  • StatusSHOW
  • View Count30

Location

  • Address219-225 Newkirk Street
  • Area TownKINGSTON, CITY
  • Building Number219-225
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetNewkirk
  • TownKingston
  • Zip12401
  • ZoneCOM

Water Body

  • Lfd WaterMUNICIPAL

Building

  • BasementPARTIAL, UNFINISHED
  • Garage Capacity
  • Garage Parking ExtrasOFF STREET
  • Garage TypeNone
  • RoofASPH SHINGLE
  • SidingBRICK
  • Unit 1 Rent750

Interior

  • FloorsCARPET, LINOLEUM, MIXED
  • Unit 1 Baths1
  • Unit 1 Bedrooms1
  • Unit 2 Baths1
  • Unit 2 Bedrooms1
  • Unit 3 Baths1
  • Unit 3 Bedrooms2
  • Unit 4 Baths1
  • Unit 4 Bedrooms2

Kingston, NY Demographics

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Kingston, NY Real Estate Market Data

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Kingston, NY Schools

School NameDistanceTypeGrades
Listed by Gene Rios, Gene Rios Realty LLC

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