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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

Kingston, NY Demographics

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Kingston, NY Real Estate Market Data

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Kingston, NY Schools

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