7 Wiltwyck Avenue & 5 Additional Multi Fams, Kingston

$2,195,000

0 Beds
0 Baths
0 Sqft
.68 Acres
0 Garages

Rare opportunity to buy into one of the hottest markets in the Hudson Valley today, with easy to realize, significant upside potential. A total of 6 multi-family buildings make up this 21 unit portfolio. One building is located in the stockade district, four in the newly redone midtown area, and a stately brick 4-family in the Rondout district. Most are newly renovated, and these buildings offer a current NOI of just under $80k, reflecting 5 units vacant and ready to be leased. Fully leased NOI is $188k, a 8.5% cap rate at the asking price. Pro forma is $250k+ NOI. This portfolio is being offered at a discount due to 3 tenant in arrears, and 5 units vacant. Properties: 1. 7 Wiltwyck Ave (SBL 48.318-7-9) 2. 60 Franklin St (SBL 56.93-1-3) 3. 52 Van Buren St (SBL 56.109-1-9) 4. 54 Van Buren St (SBL 56.109-1-8) 5. 357 Washington Ave (SBL 48.330-1-9) 6. 2-8 Walnut St (SBL 56.36-4-9). THIS IS A PACKAGE DEAL. Complete financials available in associated MLS docs or contact the agent.

Property History
Status Changed from ACTIVE to Accepted offer CTS
LISTING MAP

Mortage Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information