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  • Price$595,000
  • Acres0.13
  • Built1900

38-40 Gill Street, Kingston

Solid Brick 6 family within walking distance to the very popular Rondout area, fully occupied with easily 8 - 10 parking spaces. Completely renovated in 2001/2002. Fully insulated with 6 boilers, 6 hot water heaters, 6 water meters and 6 100 amp electric/gas meters. Landlord pays common area electric, taxes and insurance only. Well maintained very bright apartments with high ceilings and ample closet space, ceiling fans and large windows. All 1 bedroom, 1 bath in very good condition with plenty of parking spaces for tenants. Rents are below market. Net income includes 5% for maintenance and 5% vacancy. Cap rate could be higher with rent increases in the spring. Currently 5.5

Essential Information

  • MLS® #20183562
  • Price$595,000
  • Acres0.13
  • Year Built1900
  • TypeMulti-Family
  • Sub-TypeMulti-Unit
  • StyleOTHER
  • StatusACTIVE

Amenities

  • ParkingLOT-PAVED, OFF STREET, 3 CAR +
  • GaragesNone

Exterior

  • Lot DescriptionCORNER LOT, PARKING LOT, SLOPE-GENTLY, OTHER/SEE REMARKS
  • RoofRUBBER
  • ConstructionBRICK

Additional Information

  • ZoningR2

Community Information

  • Address38-40 Gill Street
  • AreaKINGSTON,CITY
  • CityKingston
  • StateNY

Interior

  • Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR, INSULATED DOORS, STORM WINDOWS, THERMOSTAT, CABLE AVAILABLE
  • AppliancesRANGE, REFRIGERATOR
  • HeatingBASEBOARD, HOT WATER
  • CoolingCEILING FAN
  • FireplacesNONE

School Information

  • DistrictKINGSTONCONSOLD

Listing Details

  • Listing AgentGail Short
  • Listing OfficeLawrence O'Toole Realty
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