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Listed by Vincenza Seche, Murphy Realty Group
This Town of Ulster 4-Family, with separate utilities, is conveniently located on a quiet street, close to shopping and schools. 4 identical, 966 sq. ft. units consisting of open living/dining/kitchen with cathedral ceiling, good-sized bedroom and full bath on main level and large open loft area with closet, on the second level. This loft area could be another bedroom, living/family/playroom or office. Tenants pay for trash removal and all utilities, except water and sewer. Rents are below current market rate due to long-term tenants. Current cap rate is 5.7% Net income and cap rate include a 5% vacancy rate. Projected rent for each apartment is between $900. and $1000., for an annual rent of between $43,200. and $48,000. Net projected income after expenses and 5% vacancy rate is between $26,292. and $30,852. making the projected cap rate between 6.7% and 7.9%
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Basic Information
- Acreage0.21
- List Price$389,000
- MLS Number20204559
- MlsStatusACTIVE
- Property Type4 Family
- SewerMUNICIPAL
- StyleQUAD, TWO STORY
- Unit 2 SqFt966
- Unit 3 SqFt966
- Unit 4 SqFt966
- Units4
- Year Built1981
Amenities
- UsmAmenitiesBasement, Fireplace
Water Body
- Lfd WaterMUNICIPAL
Other
- AppliancesRANGE, REFRIGERATOR
- Electricity100 AMPS, CIRCUIT BREAKERS
- Lot8
- Lot Dimensions100x92.6
- Lot FeaturesLEVEL
- Lot SiteSUBURB
- Miscellaneous FeaturesCEILING-CATHEDRAL
- PlumbingMIXED
Location
- Address1043 Columbia Street
- Area TownULSTER-Town of
- Building Number1043
- High School DistrictKINGSTONCONSOLD
- StateNY
- StreetColumbia
- TownKingston
- Zip12401
- Zone33
Interior
- FloorsCARPET, VINYL
- Other RoomsLOFT
- Unit 1 Baths1
- Unit 1 Bedrooms1
- Unit 2 Baths1
- Unit 2 Bedrooms1
- Unit 3 Baths1
- Unit 3 Bedrooms1
- Unit 4 Baths1
- Unit 4 Bedrooms1
Building
- BasementCRAWL
- ConstructionFRAME/STICK
- Garage Capacity
- Garage Parking ExtrasDRIVEWAY
- Garage TypeNone
- Other BuildingsSHED
- RoofASPH SHINGLE
- SidingVINYL
- Unit 1 Rent892
- Unit 1 SqFt966
Utilities
- Cooling Air ConditioningCEILING FAN
- Heat SourceBASEBOARD
- Heating FuelELECTRIC
- Hot WaterELECTRIC
Legal
- Annual Expenses$14,748
- General Tax$2,925
- School Tax$5,868
- Total Taxes8793
20204559
Kingston, NY Demographics
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20204559
Kingston, NY Real Estate Market Data
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20204559
Kingston, NY Schools
| School Name | Distance | Type | Grades |
|---|---|---|---|