REDUCED
  • MLS® #: 20184287
  • 58 St. James Street
  • KINGSTON, NY 12401
  • $875,000
  • 0.29 Acres
  • Multi-Family
  • Agent: Gregory Berardi
  • Office: Win Morrison Realty

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. All units are in good condition with all hard wood flooring, some exposed and some under carpeting and other flooring. Building is in very good structural and mechanical condition , units could be updated to extremely increase the rental income, most tenants are very long standing, some have resided for over 20 years. Rents are well below market rate, Cap rate at asking price is 8.15%, at current market rents (under current condition) cap rate would be +/- 11.01% including all expenses, maintenance and a 3% vacancy.

Essential Information

  • MLS® #20184287
  • Price$875,000
  • Acres0.29
  • Year Built1915
  • TypeMulti-Family
  • Sub-TypeMulti-Unit
  • StyleTWO STORY, VICTORIAN
  • StatusPENDING CONTINUE TO SHOW

Community Information

  • Address58 St. James Street
  • AreaKINGSTON,CITY
  • CityKINGSTON
  • CountyUlster County
  • StateNY
  • Zip Code12401

Amenities

  • ParkingDRIVEWAY, LOT-PAVED
  • GaragesGarage Detached

Amenities

GARDEN AREA, PLAY AREA, BUS ROUTE

Interior

  • AppliancesRANGE, REFRIGERATOR
  • HeatingHOT WATER
  • Has BasementYes
  • FireplaceYes

Interior Features

SMOKE DETECTOR, CARBON MONIXIDE DETECTOR, STORM WINDOWS, INTERCOM

Basement

FINISHED, FULL, OTHER/SEE REMARKS, INTERIOR ACCESS, WALKOUT

Fireplaces

BRICK, STONE, OTHER/SEE REMARKS

Exterior

  • Exterior FeaturesPARTIAL FENCED
  • RoofASPH SHINGLE
  • ConstructionFRAME/STICK

Lot Description

ADDITIONAL LAND AVAILABLE, LANDSCAPED

School Information

  • DistrictKINGSTONCONSOLD

Additional Information

  • Date ListedOctober 6th, 2018
  • Days on Market102
  • Zoning0-2
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