460 Albany Avenue, Kingston, NY 12401 | MLS #20262218 | HUNT Real Estate
 
  • 52 days on site
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Creative financing considered. Located in the heart of the rapidly evolving Midtown Kingston corridor, this mixed-use investment property offers immediate cash flow with substantial upside potential. The property consists of three units, including two occupied residential apartments and one vacant commercial space with the possibility of conversion to an additional residential unit, subject to municipal approvals. Unit one features a spacious two-bedroom layout, while unit two offers a large two-bedroom floor plan with an additional den, ideal for a home office, guest room, or flex space. Both residential units are occupied by paying tenants in good standing, providing stable existing income from day one. The vacant commercial space presents a compelling value-add opportunity for investors seeking to maximize returns through redevelopment or residential conversion. With a private parking lot and flexible configuration options, the property is well-positioned to capitalize on the continued growth and demand in Midtown Kingston. Projected rental income has the potential to exceed 5,000 per month once fully optimized. Conveniently located near restaurants, shops, the arts district, Uptown Kingston, and the Rondout waterfront, this is an opportunity to invest in one of the Hudson Valley's most active and expanding markets. Ideal for investors, owner-occupants, or those seeking a mixed-use asset with long-term growth potential.

Source: Hudson Valley Catskill Regional MLS, MLS#: 20262218

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  • Property Type
    Residential Income
  • Lot
    0.55 acres

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  • Median Age
    40
  • Population Density
    582
  • College Educated
    37%
  • Estimated Median Income
    $57,830
  • Estimated Total Home Owners
    7,696
  • Estimated Total Renters
    6,573
  • Owner / Renter Divide
    54% / 46%
  • Estimated Average Household Size
    2
  • Total Population
    34,800
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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