Kingston, NY 12401,585 Broadway

$795,000

$795,000

Est.Price: ?

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Est. payment /mo

6,342 Sqft Lot


SOLD DATE : 05/09/2023

Key Details

Sold Price $795,000

Property Type Other Types

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID H6222516

Sold Date 05/09/23

HOA Y/N No

Rental Info No

Year Built 1930

Annual Tax Amount $16,615

Lot Size 6,342 Sqft

Acres 0.1456

Property Sub-Type Multi Family

Source onekey2

Property Description

TURNKEY INVESTMENT OPPORTUNITY! Beautiful Historic Brick building is located in the sought after Midtown Kingston location with greatbusiness visibility and right next to the Performing Arts theater (UPAC). This mixed use residential/commercial building has 6 residentialapartments (4 units have 2 bedrooms, 2 units have 1 bedroom) and then 2 ground floor commercial rentals currently used for retail (both rentedto the same tenant. This Three story structure is sited on a corner lot, apartments are nicely updated and glow with natural light. The back of thebuilding has a lovely patio area that can be set up with picnic tables, play area, or elevated garden beds. Property is currently offered at a 9%+CAP RATE and the seller is willing to hold the note, to a very qualified buyer. Financing terms with 30% down, with a competitive interest rate,call to inquire. Utilities are separated, tenants pay their owner heat (Natural Gas), Hot water (Electric) and then normal electric. Solidtenant base and all tenants are all very well qualified, current on rental payments and a pleasure to deal with. Basement is full and appears tobe very dry, this is great storage space for the retail tenants.

Location

State NY

County Ulster County

Interior

Heating Baseboard, Electric, Forced Air, Hot Water, Natural Gas

Cooling None

Fireplace No

Appliance Electric Water Heater, Refrigerator

Exterior

Parking Features Off Street

Building

Lot Description Corner Lot, Level

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Schools

High Schools Kingston

School District Kingston

Others

Special Listing Condition None

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Listed by Berardi Realty • Yameil Nunez
Bought with Berardi Realty

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Kristina Evans
Kristina Evans

Broker | License ID: 10491211077

+1(347) 612-3102

515 Madison Ave 8th Floor # 8094, York, NY, 10022, United States

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