200 Tremper Ave Kingston, NY 12401
- Commercial real estate
- 3,460 SF
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 200 Tremper Ave
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 3,460 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a five-unit multi-family property ideally situated in Kingston's vibrant Midtown area. The property, built in 1920, boasts 3,460 square feet on a 0.06-acre lot and offers a compelling 9.16 cap rate, demonstrating its strong financial performance. Currently generating consistent income with solid, existing tenants, this property is poised for continued success. The building comprises two two-bedroom units, two one-bedroom units, and a studio unit with its own private exterior entrance. Unit #2 enjoys convenient access to a backyard featuring a covered porch. Recent upgrades include a new roof and heating system, minimizing future maintenance concerns. The property's location is a key advantage, placing tenants within easy walking distance of Kingston's thriving Uptown area, offering a wealth of cafes, restaurants, and public transportation options. The backyard presents an excellent opportunity for landscaping enhancements, creating additional value and appeal. Given Kingston's continued growth and high demand for rental units, this property represents a secure and lucrative investment prospect. The asking price is $470,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Ulster County
- State
- New York
- Longitude
- -74.00562
- Latitude
- 41.93338
