83 Green St Immeuble residentiel 22 lots 1 427 745 € (64 897 €/Lot) Taux de capitalisation 10,67 % Kingston, NY 12401

This is an assumable mortgage in the amount of $1.55 mil at 4.5 %
Located at the southwest corner of Main and Green Streets, this distinctive property is in the heart of historic Kingston, NY, just steps from the vibrant waterfront and downtown area. This is a great investment opportunity for a two-story brick, 22-unit SRO building in Uptown Kingston. The income-producing property features a mix of one-bedroom apartments and studios with some Section 8 tenants. Approximately half of the units have shared bathrooms, while some offer private baths. Recent updates include new flooring, kitchenettes, and bathrooms. A coin-operated laundry facility is available on the finished lower level. The building is easy to maintain, with strong occupancy rates and solid rent collections. Small rental units in Kingston are highly sought after. The underused rear yard presents potential for future development. The property is located in the Stockade Historic District.