Listed by Potter Realty
$825,000
117 Clinton Avenue
Details
APN 56.108
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,609
Units 3
Cap Rate 7.30%
NOI $6,869
Year Built 1950
Acreage 0.110
Zoning T4N-O
Multifamily | 7.30% CAP | 3 Units
Marketing description
Located in the heart of Kingston's vibrant Midtown district, this fully renovated and fully occupied residential income property offers an exceptional turnkey investment opportunity. Renovated in 2023, the property features three well-appointed apartments and a highly desirable three-bay garage, currently generating additional income as rented storage space. Perfectly positioned within walking distance to both Uptown Kingston's historic Stockade District and the thriving Midtown arts and dining corridor, the location continues to benefit from Kingston's strong growth and rental demand.
Each apartment is separately sub-metered and equipped with efficient Mitsubishi ductless Hyper-Heat systems for year-round comfort. Recent upgrades include new luxury vinyl plank flooring throughout, all new plumbing, and new water heaters and in-unit washer/dryer installed in 2025. An internet service provider has been installed in the basement to provide tenant internet access, while exterior security cameras connected to the system allow for convenient remote property monitoring. Ample off-street parking further enhances tenant appeal. A rare opportunity to acquire a fully leased, low-maintenance asset in one of the Hudson Valley's strongest and most dynamic rental markets.
Listing Contacts
Listed by Potter Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$6,869.00
$572.42/mo
Valuation Metrics
0
DSCR
0.83%
Cap Rate
0.83%
ROI
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