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Listed by Gregory Berardi, Berardi Realty
Cap rate at asking price is 8.40%. Loan is assumable at 4.5%. Uptown Kingston 17 unit apartment complex consisting of a main building with 14 apartments, then a detached carriage house with 3 apartments and a 1 car garage. Owner pays for all utilities in both buildings, main building has a natural gas boiler and gas hot water, carriage house has a forced air natural gas furnace and a gas hot water heater. Almost all units have been renovated/updated in the last few years, all hard wood flooring, some exposed and some under carpeting/other flooring. Building overall has undergone many improvements in the last few years from interior to exterior renovations. Location is very very desirable, walk to Uptown Kingston shops, restaurants, business and more. All tenants are very well qualified and up to date on the rent, Cap rate at asking price is 8.40%.

More Info

Basic Information

  • Acreage0.29
  • List Price$1,895,000
  • MLS Number20221453
  • MlsStatusACTIVE
  • Property TypeMulti-Unit
  • SewerMUNICIPAL
  • StyleAPT. COMPLEX, TWO STORY, VICTORIAN
  • Units17
  • Year Built1915

Interior

  • AmenitiesGARDEN AREA, PLAY AREA, BUS ROUTE
  • Fireplace DescriptionBRICK, OTHER/SEE REMARKS, STONE
  • Fireplace LocationLIVING ROOM
  • FloorsCARPET, CERAMIC, HARDWOOD, VINYL
  • Other RoomsOTHER/SEE REMARKS

Location

  • Address58 St. James Street
  • Area TownKINGSTON, CITY
  • Building Number58
  • Elementary SchoolG.WASHINGTON K-4
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetSt. James Street
  • TownKingston
  • Zip12401
  • Zonecom 1

Utilities

  • Heat SourceFORCED AIR, HOT WATER
  • Heating FuelNATURAL GAS
  • Hot WaterGAS

Building

  • AtticFINISHED, STAND UP, WALK UP
  • Basement
    • CONCRETE FLOOR
    • FINISHED
    • FULL
    • INTERIOR ACCESS
    • OTHER/SEE REMARKS
    • WALKOUT
  • ConstructionFRAME/STICK
  • Garage Capacity1
  • Garage Parking ExtrasDRIVEWAY, LOT-PAVED, OFF STREET
  • Garage TypeGarage Detached
  • Other BuildingsOTHER/SEE REMARKS
  • RoofASPH SHINGLE
  • SidingWOOD

Amenities

  • Other AmenitiesBasement, Fireplace, Garden

Water Body

  • Lfd WaterMUNICIPAL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity200 AMPS
  • Lot8
  • Lot Dimensions70x185
  • Lot FeaturesLANDSCAPED, LEVEL
  • Lot SiteCITY
  • Miscellaneous FeaturesCEILING-VAULTED
  • PlumbingMIXED
  • Short SaleNo
  • View Count27

Kingston, NY Demographics

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