172 Downs Street
Kingston City, NY 12401
$330,000
4 beds | 2 baths | 0.08 acres | #H6328187
For Sale
Description
Built in 1915, the current owners have made significant updates to the building, 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 and one bathroom. The spacious backyard is ripe for landscaping to add value to the property. Apartment 1 rents at $1,380 monthly, and Apartment 2 rents at $1490 monthly, for a total monthly rent of $2,870, $34,400 annually. With low expenses, as tenants pay their own utilities, this is an estimated 8% cap rate at the asking price of $330,000. Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and while these tenants are in good standing, market rate rents could improve the property's cash flow and cap rate significantly. Both units are occupied, proof of funds required for showing. Advance notice required. Showing times: Sundays 12-4pm
Interior Details
Heating & Cooling
- Cooling:Window Unit(s)
- Heating:Electric, Baseboard
Beds & Baths
- Bedrooms:4
- Bathrooms:2
- Full Baths:2
Property Details
Measurements
- Acres:0.08
Parking
- Parking features:On Street
Construction Details
Type & Style
- Property type:Purchase
- Basement:1
Condition
- Year built:1915
Utilities / Energy Details
Utility
- Sewer information:Public Sewer
- Utility source:Public
Community and Neighborhood Details
Location
- School district:Kingston
- Elementary School:George Washington Elementary School
- Middle School:J Watson Bailey Middle School
- High School:Kingston High School
- County:Ulster
Financial Details
Pricing Details
- Original List Price:$330, 000
- Taxes annual:$5, 066
Other
Source
- MLS #:H6328187
Location
Legal
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Last Updated: . Source: ONEKEY
Listing Courtesy
Listing Agent: Harry McNamara
Listing Office: Country House Realty Inc
Keller Williams LandmarkAsk Vinny Thompson team
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
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Loan Amount
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