Ignite FB Tracking Pixel279 Clinton Ave, Kingston, NY 12401 - Marie "Vicki" Wolpert
Keller Williams Realty Hudson Valley North
Marie "Vicki" Wolpert, Keller Williams Realty Hudson Valley NorthPhone: (914) 980-2567
Email: [email protected]
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listing
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MultifamilySold
List Price $595,000
Sold Price $555,000
279 Clinton Ave
Kingston, NY 12401
Listing courtesy of Gregory Berardi from Win Morrison Realty-K
MLS: Ulster County MLS (ULSTER)
8Beds
6Baths
Est. Mortgage
$3,171/mo

Solid 7 unit apartment building located in Uptown Kingston.  Apartments are all in good condition with very good paying tenant base.  Electric service was updated in 2010, Roof in 2013, Paved parking lot in 2016 and fresh scrape and exterior paint job in 2019.  Net operating income is $51,680 a year factoring in all expenses including a 3% vacancy rate and a 5% repair and maintenance rate, 8.69% cap rate at asking price.  There is a large parking lot in the back of the building offering 10 parking spaces or more, very unusual for Uptown Kingston.  Please see associated doc's for full income and expense sheet and additional info.  Four apartments have their own exterior entrances, three have access from the main hallway.   Basement is accessible from the main hallway, natural gas forced air heat and gas hot water heater.  Owner pays all  utilities, tenants pay just rent.

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Information courtesy of Win Morrison Realty-K is subject to verification and is not guaranteed.
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