KINGSTON,CITY NY - ID: 20203248
On the Market
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Property Type: Multi-Unit
Description: Revitalization just completed, this unique six unit investment property has been reborn, maintaining all the beauty and charm of years gone by. Exterior has been totally revitalized and original detail in columns has been reconstructed, giving what had been an unnoticed structure, giving new elegance and adding class, prominence and stature to the corner. Original front porches have been recreated on both levels and offer tenants outside space for relaxing. Upper deck offers views of neighborhood and old and new architecture that surrounds. The (2) three bedroom apartments are ideal for in home office or creative live/ work, featuring glistening hardwood floors, stained glass, newly appointed kitchens and baths. First level apartment has a washer/dryer set-up for the convenience of the tenant. The opposite side of the building, which mirror images design, offers 4 rentals; (2) 1 bdrm units; and (2) studios. Tenants pay gas and electric. A complete list of all improvements is attached and includes refinished wood floors, new windows, new appliances, and original stained glass has been restored. The front and rear porches were rebuilt, New columns installed and ornamental designs matched to original, exterior repaired and repainted, and roof has been recoated, with new gutters installed. Located within two blocks of Historic Uptown Kingston, offering Saturday Farmer's Market, fine dining of every type, shopping and all it has to offer. Ofcourse, the immediate access to the Trailways bus station makes this property an easy commute. Rents reflect several units being leased during construction stage, and before completion of the project. Projected rents based on neighborhood rentals range from 1500-studio-2500 for 3 bdrm. 11/30- One three bedroom is vacated and is being marketed @ 2300 12/30- One one bedroom will be vacated and then leased at new rate FEATURES: NUMBER OF UNITS: 6
UNIT 1 -RENT: 1725 ZONE: R-6 LOT DIMENSIONS: 58x60 UNIT 1 -LEASE: Y UNIT 2 -LEASE: Y UNIT 5 -LEASE: Y Unit 6 -Lease: Y UNIT 2 -RENT: 2300 UNIT 3 -RENT: 1250 UNIT 4 -RENT: 1600 UNIT 5 -RENT: 850 UNIT 6 -RENT: 850 APPLIANCES: Exhaust Fan, Refrigerator, Range ELECTRICITY: Circuit Breakers LOT/SITE: City WATER: Municipal KITCHEN DESCRIPTION: Country, Eat-In, Galley NEIGHBORHOOD: Uptown |
Listing courtesy of: Potter Realty / Listing Agent: Nan Potter
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Copyright © 2021 by the Multiple Listing Service of Ulster County and Vetere Real Estate. All rights reserved.
This page is to be linked to only from VetereRealEstate.com