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

12,632.4 Sq.Ft.

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
Kitchen RANGE, REFRIGERATOR
Fireplace BRICK, STONE, OTHER/SEE REMARKS
Flooring CARPET, CERAMIC, HARDWOOD, VINYL
Other Interior Features SMOKE DETECTOR, CARBON MONIXIDE DETECTOR, STORM WINDOWS, INTERCOM
Area & Lot
Lot Area 0.29 Acres
Living area 12,632.4 Sq.Ft.
MLS® ID 20221453
Year Built 1915
School District KINGSTONCONSOLD
Elementary School G.WASHINGTON K-4
Architecture Styles APT COMPLEX, TWO STORY, VICTORIAN
Type Multi-Family
Status Sold
Exterior
Heat type FORCED AIR, HOT WATER
Water Source MUNICIPAL
Sewer MUNICIPAL
Other Exterior Features PARTIAL FENCED, LANDSCAPED, OUTSIDE LIGHTING
Parking DRIVEWAY, LOT-PAVED, OFF STREET
Lot Features LANDSCAPED, LEVEL
Roof ASPH SHINGLE
Utilities 0, 9648
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!