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52 & 56 Cedar Street, Kingston, NY 12401

22 Photos
 
$303,500 Sold Price
Sold on 10/16/2020
 
Listing ID 10899611
Property Type Multi-Unit (5+)
County Ulster
Unit 52
Total Tax $7,384
Tax ID 000000-056.109-0004-7/8.000
FEMA Flood Map fema.gov/portal
Year Built 1910
Virtual Tour
Two adjacent properties (being sold together). 52 Cedar St is a single family ranch home with 2 bedrooms, one bath and a full basement. This home has a newer natural gas hot water heater and forced air oil heat. Tenant pays all utilities, water lawn and snow (house is being left vacant to make showings easier). 56 Cedar St is a 2-family home with a large 3 bedroom 2 full bath apartment on the first floor with a full partially finished basement, heat and hot water are included in the rent, tenant pays their own electric and takes care of the lawn and snow. Second floor is a 1 bedroom apartment, heat and hot water is included in the rent, tenant pays their own electric. There is a 4-car garage in the back. Both homes have hard wood floors throughout most of the rooms, most of the windows have been replaced, some updated plumbing and mechanical's. This property is located close to Broadway and walking distance to the Theater, Restaurants and Grocery stores. Property shows well. Cap rate at asking price is 9.79%, see associated doc's for additional info.
Property Details
  • 0.28 Acres
  • Built in 1910
  • Unit 52
  • 3 Units
Unit Information
Unit #1 – Gross Area: 1370, Rent Price: 1600, Bedrooms: 3, Full Baths: 2
Unit #2 – Gross Area: 693, Rent Price: 800, Bedrooms: 1, Full Baths: 1
Unit #3 – Gross Area: 1000, Rent Price: 1600, Bedrooms: 2, Full Baths: 1
Unit #4 – Gross Area: 100, Rent Price: 75
Unit #5 – Gross Area: 100, Rent Price: 75
Exterior Features
  • Detached Garage
Income/Expenses
  • Gross Income $49,800
  • Net Income $31,833
  • Insurance Exp $1,982
Taxes and Fees
  • $4,471 School Tax
  • $2,914 County Tax
  • $7,384 Total Tax
Sale Information
  • Sold on 10/16/2020
  • Sold for $303,500
  • Buyer's Agent: Eric Absgarten
  • Company: Taft Street Realty, Inc.
Previously Listed By
Gregory Berardi
Win Morrison Realty
Office: 845-339-9999
Listing data is deemed reliable but is NOT guaranteed accurate.
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