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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 currently below market and could be $850 per month. Net income includes 5% for maintenance and 3% vacancy. Cap rate will be higher when rent increases in the spring/summer. Currently 5.7
- MLS® #20183562
- Year Built1900
- ParkingLOT-PAVED, OFF STREET, 3 CAR +
- Lot DescriptionCORNER LOT, PARKING LOT, SLOPE-GENTLY, OTHER/SEE REMARKS
- Address38-40 Gill Street
- Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR, INSULATED DOORS, STORM WINDOWS, THERMOSTAT, CABLE AVAILABLE
- AppliancesRANGE, REFRIGERATOR
- HeatingBASEBOARD, HOT WATER
- CoolingCEILING FAN
- Listing AgentGail Short
- Listing OfficeLawrence O'Toole Realty
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