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Listed by Kristi Mordica, Welch Realty Inc.
One of the best investment opportunities in the Hudson Valley and certainly in Kingston! A wonderful chance to be a part of the Hot New Trending, Kingston Midtown Arts District! 2 Beautiful, lovingly maintained Buildings, a Blue Clapboard Colonial 4-Plex and a Red Brick, Duplex Row House, with a total of 6 apartments. Huge, extra large, corner lot, with off street parking for Tenants + a few extra parking spaces that could be rented to neighbors for off street parking. it is actually a bonus lot! Walk to Concerts, Shows, Local Bars and Restaurants, Art Galleries, Stores, Flotation Tanks and Sound Stages. Use Public transportation, take a short walk to Historic Up Town Kingston or Downtown to the Hudson River in the Rondout District and enjoy cocktails and Dinner on the water! Each short destination, offers its own Restaurants and local flare! Rents are under market, with stable Tenancy, No evictions in 12 years. Each Apartment is self contained with its own electric, heat and hot water heater. No common hallways, each Apt. has its own keyless entry and off road parking space! 2 large lots combined, create a very large corner lot, 100x145. Enough room for bbqs, backyard fun, parking and at one time, a neighborhood Victory Garden! 85-87 Cedar, SBL 56.109-2-12 and 89 Cedar, SBL 56.109-2-13. 4-Plex was taken down to studs and completely renovated, foundation was rebuilt, new roof with new trusses, new pex plumbing, updated 200 amp electric, fresh, new insulation in walls and attic. Circulation fan in attic for keeping apartments cool in the summer. 89 Cedar could be easily converted back to a single family Townhouse, or, live in one apartment and rent out 5. Apts could be long term or short term rentals. Take this rare opportunity to invest in Revitalization and the beginning of something wonderful! 2 Separate buildings, 2 Separate Deeds! https://www.dailyfreeman.com/news/midtown-arts-district-in-kingston-seeks-to-unite-revitalize-area/article_4447a320-06a5-54d9-a172-9d05bcfb98d2.html Proof of Funds and Covid Phase 2 Disclosure required to enter structure.

More Info

Basic Information

  • Acreage0.33
  • List Price$485,000
  • MLS Number20203090
  • Property TypeMulti-Unit
  • SewerMUNICIPAL
  • StyleAPT. COMPLEX, COLONIAL, ROWHOUSE
  • TermsCASH PREFERRED, TO QUAL. BUYER
  • Year Built1890

Interior

  • FloorsCARPET, CERAMIC, LINOLEUM, MIXED
  • Unit 1 Baths1
  • Unit 1 Bedrooms1
  • Unit 2 Baths1
  • Unit 2 Bedrooms1
  • Unit 3 Baths1
  • Unit 3 Bedrooms1
  • Unit 4 Baths1
  • Unit 4 Bedrooms1
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1

Location

  • Address85-89 Cedar Street
  • Area TownKINGSTON, CITY
  • Building Number85-89
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetCedar
  • TownKingston
  • Zip12401
  • ZoneCom

Utilities

  • Cooling Air ConditioningCEILING FAN
  • Heat SourceBASEBOARD, WALL
  • Heating FuelELECTRIC, NATURAL GAS
  • Hot WaterELECTRIC

Other

  • AppliancesRANGE, REFRIGERATOR, ENERGY STAR APPLIANCES
  • Electricity200 AMPS
  • Lot2-12
  • Lot Dimensions100x145
  • Lot FeaturesCORNER LOT, LEVEL, PARKING LOT
  • PlumbingAqua-Pex, MIXED
  • StatusSHOW
  • View Count19

Building

  • BasementDIRT, FULL, BILCO DOOR
  • ConstructionFRAME/STICK, BRICK
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY, LOT, OFF STREET
  • Garage TypeNone
  • RoofASPH SHINGLE
  • SidingBRICK, CLAPBOARD, WOOD
  • Unit 1 Rent800

Water Body

  • Lfd WaterMUNICIPAL

Kingston, NY Demographics

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Kingston, NY Real Estate Market Data

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Kingston, NY Schools

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