NOT LISTED FOR SALE

85 Cedar St Kingston, NY 12401

8 Beds
6 Baths
-- Sq Ft
0.33 Acres

Last Sold January 28, 2021

Last sale price $485,000

54 Days on Market

Highlights

  • 0.33 Acre Lot
  • Colonial Architecture
  • Corner Lot
  • Kingston High School Rated A-
  • Deck
  • 2-minute walk to Forsyth Park

About This Home

As of January 2021

One of the best investment opportunities in the Hudson Valley and certainly in Kingston! A wonderful chance to be a part of the Hot New Trending, Kingston Midtown Arts District! 2 Beautiful, lovingly maintained Buildings, a Blue Clapboard Colonial 4-Plex and a Red Brick, Duplex Row House, with a total of 6 apartments. Huge, extra large, corner lot, with off street parking for Tenants + a few extra parking spaces that could be rented to neighbors for off street parking. it is actually a bonus lot! Walk to Concerts, Shows, Local Bars and Restaurants, Art Galleries, Stores, Flotation Tanks and Sound Stages. Use Public transportation, take a short walk to Historic Up Town Kingston or Downtown to the Hudson River in the Rondout District and enjoy cocktails and Dinner on the water! Each short destination, offers its own Restaurants and local flare! Rents are under market, with stable Tenancy, No evictions in 12 years. Each Apartment is self contained with its own electric, heat and hot water heater. No common hallways, each Apt. has its own keyless entry and off road parking space! 2 large lots combined, create a very large corner lot, 100x145. Enough room for bbqs, backyard fun, parking and at one time, a neighborhood Victory Garden! 85-87 Cedar, SBL 56.109-2-12 and 89 Cedar, SBL 56.109-2-13. 4-Plex was taken down to studs and completely renovated, foundation was rebuilt, new roof with new trusses, new pex plumbing, updated 200 amp electric, fresh, new insulation in walls and attic. Circulation fan in attic for keeping apartments cool in the summer. 89 Cedar could be easily converted back to a single family Townhouse, or, live in one apartment and rent out 5. Apts could be long term or short term rentals. Take this rare opportunity to invest in Revitalization and the beginning of something wonderful! 2 Separate buildings, 2 Separate Deeds! https://www.dailyfreeman.com/news/midtown-arts-district-in-kingston-seeks-to-unite-revitalize-area/article_4447a320-06a5-54d9-a172-9d05bcfb98d2.html Proof of Funds and Covid Phase 2 Disclosure required to enter structure.

Last Agent to Sell the Property

Kristi Mordica

Welch Realty Inc. License #10301201017 Listed on: 08/07/2020

Last Buyer's Agent

Jeanne Boice

Howard Hanna Rand Realty License #40BO1108923

Howard Hanna Rand Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x145
  • Privacy Fence
  • Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Rowhouse Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Clapboard

Interior Spaces

  • 6 Bathrooms
  • Ceiling Fan

Kitchen

  • Range
  • ENERGY STAR Qualified Appliances

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, taxes, water
  • Legal Lot and Block 2-12 / 109

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $2,042
  • New Taxes Expense $12,800
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Year Built: 1890
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.33
  • Road Surface Type: Gravel
  • Co List Office Phone: 845-626-2635
  • MLS Status: Closed
  • Architectural Style: Colonial, Rowhouse
  • Location Tax and Legal:Tax Block: 109
  • General Property Information Lot Size Acres: 0.33
  • General Property Information Lot Size Dimensions: 100x145
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Cooling Ceiling Fan(s): Yes
  • Flooring:Linoleum: Yes
  • Income And Expenses New Taxes Expense: 12800.0
  • Income And Expenses Cap Rate: 7.0
  • Gross Scheduled Income: 52800.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Architectural Style Colonial: Yes
  • Fencing Fenced: Yes
  • Fencing Privacy: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • Structure Type Multi Family: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, ENERGY STAR Qualified Appliances, Electric Water Heater
  • Interior Amenities: Other
  • Basement: Dirt Floor, Exterior Entry, Full
  • Flooring: Carpet, Ceramic Tile, Linoleum, Varies
  • Appliances:Electric Water Heater: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Basement:Dirt Floor: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Brick, Clapboard, Frame, Wood Siding
  • Patio And Porch Features: Deck, Enclosed
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Corner Lot: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Clapboard: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Enclosed2: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Natural Gas, Wall Furnace
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Electric4: 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: Corner Lot, Level
  • Lot Dimensions: 100x145
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: Com
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 2042.0
  • Net Operating Income: 36000.0

Tax Info

  • New Taxes Expense: 12800.0
  • Tax Block: 109
  • Tax Lot: 2-12

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/28/2021 01/28/21 Sold $485,000 0.0% --
09/29/2020 09/29/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $485,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20203090

Hudson Valley Catskills Region Multiple List Service