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Listed by Harry McNamara, Country House Realty,Inc.
Looking to start or expand your real estate investing career? 172 Downs Street is the perfect property to round out your portfolio. Located in the heart of Kingston's booming Midtown, this two unit home is a proven money maker with solid tenants in place.
Built in 1915, the current owners have made significant updates to the home, including a new roof, new TimberTech front porch, bathroom renovation in the downstairs unit, and new carpet in the upstairs unit.
Each unit is 780 square feet, with two bedrooms, one bathroom, kitchen and living room. The spacious backyard is ripe for landscaping to add value to the property. Both unit's tenants are in good standing, and at asking price, this property is a solid 8 cap. Pro-forma is available with rents and expenses.
Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and market rate rents could improve the property's cash flow and cap rate significantly.
More Info
Basic Information
- Owner Pays Insurance, Sewer, Taxes, Trash Collection, Water
- Parcel Number 48.318-6-4
- Tenant Pays All Utilities, Cable TV, Electricity, Gas, Hot Water
- Unit 1 Information Actual Rent $1,380
- Unit 1 Information Leased YN Yes
- Unit 1 Information Unit Lease Terms 6 12 Months
- Unit 2 Information Actual Rent $1,490
- Unit 2 Information Leased YN Yes
- Unit 2 Information Unit Lease Terms Month To Month
Property
- Sign On Property YN Yes
Interior
- Flooring Varies
- Interior Features Eat-in Kitchen
Utilities
- Electric 100 Amp Service
- Heating YN Yes
- Plumbing Mixed
- Utilities
- Cable Available
- Cable Connected
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Phone Available
- Waste Water DisposalPublic Sewer
Water Body
- Water AccessPublic
Legal
- ZoningT4N
Tax Information
- Taxes$5,066
Parking
- Parking Features On Street
Basic Information
- List Price$330,000
- MLS Number20243845
- Mls Status Active
- Modification Date09/21/2024
- Property SubTypeDuplex
- StatusACT
- Virtual TourView Tour
Building
- Above Grade Finished Area 1,560
- Attic Features Scuttle Attic
- Basement Yes
- Building ConstructionFrame, Vinyl Siding
- FoundationBrick/Mortar, Stone
- Property StyleTraditional
- Structure Type Multi Family
- Unit 1 Information Square Feet 780
- Unit 2 Information Square Feet 780
- Units2
- Year Built1915
Amenities
- Appliances IncludedGas Water Heater, Free-Standing Electric Range
- Cooling Window Unit(s)
- Cooling YN Yes
- Other AmenitiesBasement
School Information
- High School DistrictKingston Consolidated
Rooms
- Bedrooms4
- Unit 1 Information Baths Full 1
- Unit 1 Information Beds Total 2
- Unit 2 Information Baths Total 1
- Unit 2 Information Beds Total 2
Location
- Address172 Downs Street
- AreaKingston, City
- Building Number172
- CountyUlster
- Mls Area Minor Kingston, City
- StateNY
- StreetDowns Street
- TownKingston
- Zip12401
Exterior
- Exterior Features Private Yard
- Fencing Chain Link, Wood
- RoofShingle
Property Information
- Acreage0.09
- Lot Features Back Yard, City Lot, Cleared, Level
- Lot Size Square Feet 3,920
- Lot Size Units Acres
- Patio And Porch Features Covered, Front Porch
- Square Feet1,560
Other
- Date Listed09/17/2024
- View Count5
20243845
Kingston, NY Demographics
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20243845
Kingston, NY Real Estate Market Data
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20243845
Kingston, NY Schools
| School Name | Distance | Type | Grades |
|---|---|---|---|