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116-118 Pearl St, Kingston, NY 12401

$195,000
Commercial Property MLS# 37286 ID: 48477886
$195,000 Get Rates

Multi-Family, Multi Family - 2-4 Units - Kingston, NY
GREAT INCOME POTENTIAL in this very marketable 2 Family in Uptown Kingston. Each unit has 3 BEDROOMS and the tenants have been there consistently. Very low turnover. The basement is great - large and empty and DRY. Same for the attic. Big, empty and DRY. ALL new windows installed in 2014 with lifetime warranty. Partially paved driveway in 2014. 1 new Hot water heater 2016. New furnace vent system 2017. There are separate electric meters, furnaces and boilers. The sellers have never had a vacancy problem. There's parking for 6-8 cars in the back. Both apartments are currently rented and are each 3 Bedroom - which is hard to find. Upstairs rent is $1150 and downstairs rent is $1122. Gross annual income is $27,264. The Tenants pay all utilities. Owner expenses are taxes, Insurance and water. So the annual net is 9515 and the cap rate is 9.1%.

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Location Information near 116-118 Pearl St
Offered by Joan Roberts at Coldwell Banker Timberland Properties

Would you like more information regarding this property?
Please call (845) 657-4177.

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Property Features for 116-118 Pearl St
Status
Market Status
Available
Last Updated
May 26, 2018
Description
Property Type
Commercial Property
Year Built
1932

Listing Features

  • Property Type: Commercial; Multi-Family
  • Joan Roberts
  • Coldwell Banker Timberland Properties

Data Provided by:
Coldwell Banker

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More information about this $195,000 Commercial Property at 116-118 Pearl St

This $195,000 Commercial Property at 116-118 Pearl St in Kingston, NY is presented by Joan Roberts. This $195,000 Commercial Property, located in the 12401 zip code, has the following property features: Property Type. This 116-118 Pearl St Commercial Property, located in Ulster County , is listed under MLS listing number 37286 and has a listing price of $195,000. You can find more KINGSTON homes for sale here.