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58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
58 St. James Street
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$1,590,000

58 St. James Street

Description

Cap rate at asking price is 9.63%. Loan is assumable at 4%. 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. Almost all units have been renovated/updated in the last few years, all hard wood flooring, some exposed and some under carpeting/other flooring. Building overall has undergone many improvements in the last few years from interior to exterior renovations. Location is very very desirable, walk to Uptown Kingston shops, restaurants, business and more. All tenants are very well qualified and up to date on the rent, Cap rate at asking price is 9.63%. Buyers agent to confirm expenses.

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Location

58 St. James Street, Kingston, NY 12401

Status

Sold
Greg Berardi

Greg Berardi

TITLE

Broker | Owner

Property Amenities

Interior
Fireplace Living Room, Masonry, Stone, Other, See Remarks
Appliances Refrigerator, Range, Gas Water Heater
Flooring Carpet, Ceramic Tile, Hardwood
Other Interior Features Vaulted Ceiling(s)
Area & Lot
Lot Area 0.29 Acres
MLS® ID 20221453
Year Built 1915
Elementary School G.Washington K-4
Architecture Styles Victorian
Type Multi-Family
Status Sold
Exterior
Stories 2
Heat type Forced Air, Hot Water, Natural Gas
Water Source Public
Garage Space 1.0
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Other Exterior Features Lighting
Parking Driveway, Off Street, Paved
Lot Features City Lot, Garden, Landscaped, Level, Near Public Transit
Roof Asphalt, Shingle
Finance
Sales Price $1,590,000
Real Estate Tax $25,872 yearly

Ulster County

Work With Us

Berardi Realty is here to assist you through every step of the process and takes pride in being an expert in their field. They eagerly anticipate the opportunity to collaborate with you and facilitate the sale of one of your most significant assets. Contact them today!