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219-225 Newkirk Street, Kingston
Originally constructed in 1850, years of history still remain in the East Kingston School House that is now a fully occupied brick 4 family unit (converted in 1974). This 4 unit has off street parking, big back yard, separate gas and electric meters. Upgrades include a newer roof and box gutters (2010), new septic system and leech field (2013) hot water heaters in (2013), and new windows (2015). Long term tenants. Tenants pay all utilities and are on month to month leases. Net income reflects 5% vacancy credit and 5% for repair/maintenance producing positive cash flow after debt service and 8.2% cap rate at asking price. Great investment opportunity that still encompasses its history!
- MLS® #20173559
- Year Built1850
- Sub-Type4 Family
- StatusPENDING CONTINUE TO SHOW
- ParkingOFF STREET
- Lot DescriptionLEVEL, PARKING LOT
- RoofASPH SHINGLE
- Address219-225 Newkirk Street
- CountyUlster County
- Zip Code12401
- Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR
- AppliancesRANGE, REFRIGERATOR
- CoolingWINDOW UNIT
- Listing AgentGene Rios
- Listing OfficeGene Rios Realty LLC
Price Change History for 219-225 Newkirk Street, Kingston, NY (MLS® #20173559)
|PENDING CONTINUE TO SHOW||–||–|
|Accepted offer CTS||–||–|
|Price Reduced||$269,900||$10,000 (3.57%)|
|Price Reduced||$279,900||$2,600 (0.92%)|
|Show More (4)|
|PENDING CONTINUE TO SHOW (from ACTIVE)||–||–|
|Price Reduced||$282,500||$2,300 (0.81%)|
|Price Reduced||$284,800||$100 (0.04%)|
|Price Reduced (from $295,900)||$284,900||$11,000 (3.72%)|
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