This Multifamily Property is no longer advertised on LoopNet.com.

279 Clinton Ave
Kingston, NY 12401

Solid 7 Unit Apartment Building · Multifamily Property For Sale · 7 Units

PROPERTY FACTS

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

ZONING

Zoning Code COM 1
  • Listing ID: 17466860

  • Date on Market: 10/16/2019

  • Last Updated:

  • Address: 279 Clinton Ave, Kingston, NY 12401