170 Downs Street, Kingston, NY, 12401
$399,900
Multi Family
For Sale
Details
ML#: 929972
- # of Families: 2
- Year Built: 1919
- Taxes: $6,994
- Status:Active
Description
170 Downs Street, Kingston, NY 12401Turnkey two-family in Midtown Kingston with strong cash flow. Two spacious 3 BR/1 BA units, both fully leased through Family of Woodstock with guaranteed rent payments. Tenants pay their own utilities, keeping expenses low. Updated electrical within the last 5 years and new flooring in the upstairs unit. Total monthly rent is $3, 922. Convenient location near bus line, shopping, and services. Great opportunity to step into a fully stabilized income property with immediate returnsFinancials:• Total monthly rent: $3, 922 ($1, 961 per unit)• Annual rent: $47, 040• Est. annual expenses: $11, 800 (taxes, insurance, water/sewer, maintenance)Updates/Features:• Updated electrical within last 5 years• New flooring in upstairs unit• City lot, approx. 0.09 acresInvestor Notes:Fully stabilized asset with immediate cash flow and minimal landlord responsibilities. Ideal portfolio addition.
More Property Details
Lot Size: 0.0895
Lot Sq Ft: 3900
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Forced Air, Natural Gas, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $6,994
School District: Chambers
Listing Information provided courtesy of
eXp Realty
888-276-0630