My Sold Listings

$225,000
Sold

City Of Kingston Area Multi-Family Home

Sold

315 E Chester Kingston, NY 12401

Bed
0 Baths
sqft
Enjoy the peaceful country life in the city. This two-family residence is situated on a knoll with expansive grounds for play, gardens or almost anything your heart desires and ample off-street parking. As a total investment, this property's pro forma (using very moderate rents of $1250/$1300 respectively), conservatively yields a 9.9% cap rate (at asking price), and as an owner-occupied investment, where your tenant conceivably pays your mortgage, this home provides comfort, privacy and a relaxing lifestyle. Currently utilized as an owner-occupied home, with under market-rate rent, each unit possesses updated kitchen and bath, washer/dryer, formal dining room, ample living room and generous bedroom with great closet space. Main floor bedroom can accommodate a California King bed and also has a sweet office space. For the investor, all important elements are updated and relatively new, within the past 8 years approx. Two energy-efficient Weil-McClain gas boilers are approx. 8 years old, and hot water heaters are both within the past two years. Beautiful roof is approx. 8-9 yrs. old. Newly painted exterior and interior. The beautiful and luxurious grounds include flower beds, above-ground pool with decking and spacious place for entertaining, large shed for all kinds of tools and storage, and a smart patio adjoining the lower level for sweet enjoyment. Upstairs tenant has the expansive wrap-around porch for sitting and watching the world go by. This beautiful ca. 1880 property can easily be returned to a single family estate.
Listing by: ULSTER / Win Morrison Realty