Solid 7 unit apartment building located in Uptown Kingston. Apartments are all in good condition with very good paying tenant base. Electric service was updated in 2010, Roof in 2013, Paved parking lot in 2016 and fresh scrape and exterior paint job in 2019. Net operating income is $51,680 a year factoring in all expenses including a 3% vacancy rate and a 5% repair and maintenance rate, 8.69% cap rate at asking price. There is a large parking lot in the back of the building offering 10 parking spaces or more, very unusual for Uptown Kingston. Please see associated doc's for full income and expense sheet and additional info. Four apartments have their own exterior entrances, three have access from the main hallway. Basement is accessible from the main hallway, natural gas forced air heat and gas hot water heater. Owner pays all utilities, tenants pay just rent.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
