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Kingston,NY 12401
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $269
MLS Listing ID 20250494
Bedrooms 6
Year Built 1940
Annual Tax Amount $13,428
Tax Year 13428
Property Sub-Type Quadruplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Here's your chance to own a lucrative four-family property in the rapidly expanding city of Kingston! SELLER FINANCING is available for buyers interested in purchasing multiple—or all—properties in this portfolio. Fully occupied and producing a gross income of 78k annually and is at an 8 cap rate. This property is available for individual purchase, or you can acquire the entire portfolio, which includes five other investment properties—four in Kingston and one in Red Hook. This property is a fantastic opportunity for investors looking to capitalize on the area's growth.
The property includes a mix of unit sizes to appeal to a broad range of tenants: two 2-bedroom, 1-bath units offering spacious living arrangements, and two 1-bedroom, 1-bath units perfect for singles or couples. The units range from 400 to 875 sq ft, catering to different tenant needs and maximizing rental potential. Tenants pay for all utilities except for water and sewer, keeping your expenses low and boosting your returns.
This property is close to the city's growing selection of restaurants, shops, and cultural hotspots. The surge in popularity in Kingston make this an opportune time to invest, with the potential for increased rental income and property appreciation in the coming years.
This option offers an incredible opportunity to expand your real estate holdings quickly and effectively.
With Kingston's real estate market continuing to thrive, this is an opportunity you don't want to miss.
Location
State NY
County Ulster
Area Kingston,City
Zoning T4N-O - T4 Neig
Building
Sewer Public Sewer
Water Public
Schools
High Schools Kingston Consolidated
School District Kingston Consolidated
Others
Tax ID 56.93-1-3