NOT LISTED FOR SALE

280 Delaware St Kingston, NY 12401

4 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $370,000

105 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Carpet

About This Home

As of October 2021

Exciting investment opportunity now available in the quaint hamlet of Glasco. (4) 1-bedroom units are nicely sized and in very good condition. Low maintenance, with an abundance of parking, fully occupied for immediate cash flow. Units are rented well below market value making an opportunity for potential of higher return on investment. Tenants properly maintain their space, pay for their own electric and garbage removal. Cap rate at asking price (including all expenses with vacancy and repair/maintenance expense) is just about 8%, cap rate at market rents is over 10%. Please see attached associated doc's for full income and expense sheet.

Last Agent to Sell the Property

Yameil Nunez

Serhant LLC License #10301221991 Listed on: 05/18/2021

Serhant LLC

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,276

Home Design

  • Quadruplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Range
  • Carpet
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • The owner pays for gas, insurance, taxes
  • Legal Lot and Block 24 / 3

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Electric Expense $1,097
  • Fuel Expense $1,480
  • Insurance Expense $1,683
  • Manager Expense $1,431
  • New Taxes Expense $6,620
  • Net Operating Income $31,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • Property Sub-Type: Quadruplex
  • Lot Size Acres: 0.19
  • Road Surface Type: Asphalt
  • Co List Office Phone: 845-201-1111
  • MLS Status: Closed
  • Master Plan Zoning: 02
  • Location Tax and Legal:Tax Block: 3
  • General Property Information Lot Size Acres: 0.19
  • General Property Information Lot Size Dimensions: 8276s ft
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 6620.0
  • Income And Expenses Cap Rate: 8.0
  • Gross Scheduled Income: 47700.0
  • Income And Expenses Fuel Expense: 1480.0
  • Manager Expense: 1431.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Flooring: Carpet
  • Appliances Range: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Heating: Baseboard, Hot Water, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Junior High Dist: Saugerties Central Schools

Lot Info

  • Lot Dimensions: 8276s ft
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Insurance, Taxes
  • Tenant Pays: Electricity, Other

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1097.0
  • Insurance Expense: 1683.0
  • Resident Manager Expense: 1431.0
  • Net Operating Income: 31938.0

Tax Info

  • New Taxes Expense: 6620.0
  • Tax Block: 3
  • Tax Lot: 24

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $370,000 -5.1% --
08/31/2021 08/31/21 Pending -- -- --
07/18/2021 07/18/21 Price Changed $389,900 -2.5% --
05/18/2021 05/18/21 For Sale $399,900 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yameil Nunez

    Seller's Agent in 2021

    Yameil Nunez

    Serhant LLC

    (973) 495-7371

    1 in this area

    96 Total Sales

    Yameil Nunez
    Section Image

  • N

    Buyer's Agent in 2021

    NON MLS OFFICE

    Anderson Agency

See All Agents

Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20211778

Hudson Valley Catskills Region Multiple List Service
New York Ulster County Kingston 12401

280 Delaware St, Kingston, NY

This home is located at 280 Delaware St, Kingston, NY 12401 since 18 May 2021. This property was built in 1986. 280 Delaware St is a home located in Ulster County with nearby schools including Saugerties Senior High School and St Mary Of The Snow School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hudson Valley Catskills Region Multiple List Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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