188 Tremper Avenue

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188 Tremper Avenue

Kingston, NY 12401
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily residential building located in Kingston New York
  • Asset features a total of two individual units
  • Property situated at 188 Tremper Avenue in the 12401 zip
  • Well positioned for long term residential rental investment
  • Located within the established Hudson Valley economic region

What's Special

Investors seeking to expand a residential portfolio will find this two-unit apartment building at 188 Tremper Avenue a straightforward acquisition in Kingston, New York. Situated in the historic Hudson Valley region, the property benefits from the area's ongoing appeal to those drawn by the proximity to the Catskill Mountains and a steady regional economy. The asset offers a manageable footprint for landlords focused on long-term rental income in a market that continues to see demand for housing options. Kingston serves as a significant hub within Ulster County, providing residents with access to local amenities and regional transit routes. The building configuration accommodates multiple tenants, making it a functional choice for those targeting the local workforce or individuals relocating from larger metropolitan centers. This multifamily property presents an established residential use case within an accessible submarket, providing a core asset for a buy-and-hold strategy.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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