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279 Clinton Ave
Kingston, NY 12401
Solid 7 Unit Apartment Building · Multifamily Property For Sale · 7 Units
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,182 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Lot Size | 0.20 AC | Parking Ratio | 2.39/1,000 SF |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.20 AC |
| Building Size | 4,182 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.39/1,000 SF |
About 279 Clinton Ave , Kingston, NY 12401
Solid 7 unit apartment building located in Uptown Kingston. Apartments are all in good condition with very good paying tenant base. Electricservice was updated in 2010, Roof in 2013, Paved parking lot in 2016 and fresh scrape and exterior paint job in 2019. Net operating income is$51,680 a year factoring in all expenses including a 3% vacancy rate and a 5% repair and maintenance rate, 8.69% cap rate at asking price. There is a large parking lot in the back of the building offering 10 parking spaces or more, very unusual for Uptown Kingston. Please seeassociated doc's for full income and expense sheet and additional info. Four apartments have their own exterior entrances, three have accessfrom the main hallway. Basement is accessible from the main hallway, natural gas forced air heat and gas hot water heater. Owner pays all utilities, tenants pay just rent.
PROPERTY TAXES
| Parcel Number | 0800-048.331-0004-008.000-0000 | Improvements Assessment | $288,000 |
| Land Assessment | $110,000 | Total Assessment | $398,000 |
PROPERTY TAXES
zoning
| Zoning Code | COM 1 |
| COM 1 |
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