110-122 Sawkill Road, Kingston
Income Property with 11% Cap Rate. Three separate residential rental units with additional income from garage/barn and workshop rentals offers many use possibilities for the right buyer. Units are a newly renovated, 2000 sq. ft. building with 2-BR, 1 full bath and 2 half baths, on one level, 3-BR single family house and 2-BR mobile home. Plus barn/garage and storage barn with large metal workshop addition. All separate utilities. OM (Office Manufacturing) Zoning offers many possibilities for uses with special permit and site plan approval. High traffic location on Sawkill Rd. with good visibility. Plenty of open area for parking vehicles or equipment. Close to NYS Thruway Exit 19. 2 parcels totaling 4.4 acres. Both parcels are in the flood zone. 11% CAP RATE at asking price, includes 5% vacancy rate, without flood insurance. Being sold "AS IS". Unit 1 rent amount is projected.
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