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279 Clinton Ave
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0.20 Acres

$595,000

Multi-FamilyMLS #2019445030 Days

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.

Essential Information

  • MLS® #20194450
  • Price$595,000
  • Acres0.20
  • Year Built1900
  • TypeMulti-Family
  • Sub-TypeMulti-Unit
  • StyleAPT. COMPLEX
  • StatusACTIVE

Interior

  • Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR
  • AppliancesRANGE, REFRIGERATOR
  • HeatingFORCED AIR

Additional Information

  • ZoningCOM 1

Community Information

  • Address279 Clinton Ave
  • AreaKINGSTON,CITY
  • CityKingston
  • CountyUlster County
  • StateNY
  • Zip Code12401

Exterior

  • Lot DescriptionLEVEL, PARKING LOT
  • RoofASPH SHINGLE
  • ConstructionFRAME/STICK

Listing Details

  • Listing AgentGregory Berardi
  • Listing OfficeWin Morrison Realty

Amenities

  • AmenitiesOTHER/SEE REMARKS, PUBLIC TRANSPORTATION, BUS ROUTE
  • ParkingDRIVEWAY, LOT-PAVED, OFF STREET, OTHER/SEE REMARKS
  • GaragesNone

School Information

  • DistrictKINGSTONCONSOLD
  • ElementaryEDSON
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