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Listed by Megan Rios, Berardi Realty
First time this property hits the market in over 50 years!! Great investment two family awaits its new owner in a prime location just minutes to Historic Downtown Waterfront, shopping, restaurants and more. Both units are in good condition offering two bedrooms, one full bath and a spacious walk-in closet/office space. There is an eat in kitchen, living room and closet space for storage. Upstairs unit has been recently updated including new flooring, cabinets and a renovated bathroom. Property is fully fenced with off street parking, 2-car carport and two sheds to store all your toys. Basement is unfinished and accessed through bilco doors. All electric has been newly updated. Income and expense cap rate is 8.32% at market rent rates and at this asking price. First floor unit is currently vacant and the top floor unit tenant plans to vacate prior to closing. Don't miss out on a great opportunity! Please see associated docs for deed, county records and income and expense sheet.

More Info

Basic Information

  • Acreage0.09
  • List Price$285,000
  • MLS Number20220773
  • MlsStatusPENDING CONTINUE TO SHOW
  • Property Type2 Family
  • SewerMUNICIPAL
  • StyleTWO STORY
  • TermsTO QUAL. BUYER
  • Unit 2 SqFt1000
  • Year Built1800

Utilities

  • Cooling Air ConditioningCEILING FAN
  • Heat SourceRADIATORS
  • Heating FuelPROPANE
  • Hot WaterPROPANE

Location

  • Address5 Wilbur Avenue
  • Area TownKINGSTON, CITY
  • Building Number5
  • Elementary SchoolG.WASHINGTON K-4
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetWilbur
  • TownKingston
  • Zip12401
  • ZoneR1

Interior

  • FloorsCARPET, VINYL
  • Unit 1 Baths1
  • Unit 1 Bedrooms2
  • Unit 2 Baths1
  • Unit 2 Bedrooms2

Other

  • AppliancesDISHWASHER, RANGE, REFRIGERATOR, WASHER
  • Electricity100 AMPS
  • Lot29
  • Lot Dimensions34X120
  • Lot FeaturesLEVEL
  • Lot SiteCITY
  • PlumbingMIXED
  • ViewsSEASONAL
  • View Count11

Building

  • AtticPU DW, STORAGE
  • BasementCRAWL, FULL
  • ConstructionFRAME/STICK
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY, OFF STREET, CARPORT, 2 CAR
  • Garage TypeCarport Detached
  • Other BuildingsSHED
  • RoofASPH SHINGLE
  • SidingASPHALT
  • Unit 1 Rentvcant
  • Unit 1 SqFt1000

Amenities

  • Other AmenitiesBasement, Fireplace, Waterfront

Water Body

  • Lfd WaterMUNICIPAL
  • WaterwaysRONDOUT CREEK

Kingston, NY Demographics

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Kingston, NY Real Estate Market Data

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Kingston, NY Schools

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