NOT LISTED FOR SALE

81 Fair St Kingston, NY 12401

3 Beds
5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold January 26, 2018

Last sale price $235,000

106 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Victorian Architecture
  • Kingston High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of January 2018

Income producing 5-unit located within short walking distance to Historic Uptown Kingston. Solid rental tenants with very low vacancy. Building has been very well updated and maintained through the years. Each apartment has its own heat (natural gas and baseboard electric) and electric hot water heaters. All heating, electrical boxes/meters and hot water heaters have been replaced in the last 5 yeas. Owner managed property pays close attention to quality of tenants and upkeep. New roof within the last 8 years. Building is vinyl sided, offers great curb appeal with plenty of off street parking for 3-4 cars. Interior features all hard wood floors and 9 foot + ceilings on the first floor. Detached garage could be additional rental income or owner workshop/storage. Low management property. Front deck and porch has been completely redone in recent years. Please see associated docs for full income and expense sheet. Net return factors in all expenses, 5% vacancy rate and 5% repair and maintenance rate.

Last Agent to Sell the Property

Greg Berardi

Win Morrison Realty-K Listed on: 07/16/2017

Co-Listed By

Stefan Sanzi

Hudson Valley Real Estate Brok License #10311207186

Last Buyer's Agent

Barbara Ellman

BHHS HUDSON VALLEY PROP-WDST License #40EL1061438

BHHS HUDSON VALLEY PROP-WDST

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 59x80
  • Dirt Road
  • Landscaped
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Victorian Architecture
  • Frame Construction
  • Shingle Roof
  • Slate Roof
  • Membrane Roofing
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Range

Flooring

  • Wood
  • Carpet

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • City Lot

Schools

  • G.Washington K-4 Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • The owner pays for insurance, taxes, water
  • Legal Lot and Block 28 / 2

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Electric Expense $840
  • Fuel Expense $4,200
  • Insurance Expense $2,358
  • New Taxes Expense $10,639
  • Net Operating Income $18,951

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1900
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.1
  • Road Surface Type: Dirt
  • Co List Office Mls Id: WIN
  • Co List Office Phone: 845-339-1144
  • Co List Office Phone: 845-339-9999
  • MLS Status: Closed
  • Architectural Style: Victorian
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.1
  • General Property Information Lot Size Dimensions: 59x80
  • Flooring:Carpet: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 10639.0
  • Income And Expenses Cap Rate: 7.0
  • Gross Scheduled Income: 45096.0
  • Income And Expenses Fuel Expense: 4200.0
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Architectural Style Victorian: Yes
  • Road Surface Type Dirt2: Yes
  • Roof Slate2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Electric Water Heater
  • Interior Amenities: High Speed Internet
  • Basement: Exterior Entry, Full, Unfinished
  • Flooring: Carpet, Hardwood
  • Stories: 2
  • Appliances:Electric Water Heater: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Unfinished: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Asphalt, Membrane, Shingle, Slate
  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Near Public Transit: Yes
  • ConstructionSiding:Roof Membrane: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Off Street, Driveway
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Heating: Baseboard, Electric, Forced Air, Natural Gas, Wall Furnace, Other, See Remarks
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot, Landscaped, Level, Near Public Transit
  • Lot Dimensions: 59x80
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Water
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 840.0
  • Insurance Expense: 2358.0
  • Net Operating Income: 18951.0

Tax Info

  • New Taxes Expense: 10639.0
  • Tax Block: 2
  • Tax Lot: 28

MLS Schools

  • Elementary School: G.Washington K-4

Range of Values:

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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 List to Sale Price per Sq Ft
01/26/2018 01/26/18 Sold $235,000 0.0% --
12/21/2017 12/21/17 Off Market $235,000 -- --
07/16/2017 07/16/17 For Sale $249,900 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20173381

Hudson Valley Catskills Region Multiple List Service