Multi-Family, Multi Family - 2-4 Units - Kingston, NY
GREAT INCOME POTENTIAL in this very marketable 2 Family in Uptown Kingston. Each unit has 3 BEDROOMS and the tenants have been there consistently. Very low turnover. The basement is great - large and empty and DRY. Same for the attic. Big, empty and DRY. ALL new windows installed in 2014 with lifetime warranty. Partially paved driveway in 2014. 1 new Hot water heater 2016. New furnace vent system 2017. There are separate electric meters, furnaces and boilers. The sellers have never had a vacancy problem. There's parking for 6-8 cars in the back. Both apartments are currently rented and are each 3 Bedroom - which is hard to find. Upstairs rent is $1150 and downstairs rent is $1122. Gross annual income is $27,264. The Tenants pay all utilities. Owner expenses are taxes, Insurance and water. So the annual net is 9515 and the cap rate is 9.1%.
Would you like more information regarding this property?
Please call (845) 657-4177.
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