Exceptional 6-Unit Investment Opportunity in the Highly Desirable Pringle/Kingston Area! Don't miss this rare chance to own a high-performing multifamily property featuring two buildings on one parcel, with one deed, offering incredible income potential and long-term value! Currently generating an impressive 9% CAP Rate with 5 fully renovated, occupied units, this investment becomes even stronger once the 6th unit-needing only a few finishing touches-is completed and leased, increasing the projected CAP Rate to 11% or better! The property includes a 5-unit apartment building and a spacious single-family home situated on a generous lot with ample off-street parking. The apartment building has seen numerous updates throughout, including newer flooring, fresh paint, updated light fixtures, countertops, cabinets, appliances, and more. Roofs on both buildings are approximately 10 years old. The expansive single-family home offers 5 large bedrooms, 2 bathrooms, a home office, a sunroom, and a relaxing jacuzzi tub, making it an excellent owner's residence or an additional income-producing rental. Utilities are separate for the single-family home, while tenants in the apartment building pay their own utilities with the exception of water. All 5 Units in the apartment building are 2 bedrooms, 1 bathroom. Whether you're looking to house hack by living in the single-family home while the apartment building covers your mortgage and then some, or maximize your returns by renting all 6 units, this property offers exceptional flexibility and outstanding cash flow potential. Opportunities like this are hard to find in such a sought-after location. Schedule your private showing today and see why this property is a standout addition to any investment portfolio!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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