Solid 3-family home located next to the Kingston Hospital and walking distance to Broadway for restaurants and shopping. Two 1-bedroom units on the first floor and one 2-bedroom apartment on the second floor. Units are rented to long term tenants with excellent payment history. Most of the second floor windows have been replaced, roof is in very good conditions and the exterior has been painted in recent years. Tenants can enjoy plenty of off street parking, a small yard and a front and back porch. Basement is full and dry, there are three gas boilers and one gas hot water heater. Landlord supplies the Hot water, water and lawn/snow. Tenants pay for their own heat (natural gas) and electric. The cap rate of 8% includes a 3% vacancy rate (there hasn't been a vacancy in over 3 years), a 3% repair/maintenance expense, $1,200 lawn/snow expense and all confirmed utility expense. Please see associated docs for full income and expense sheet.
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.
