Downtown Kingston 2-family with excellent market rents. Great investment property offering 3 bedrooms in each unit or live for free in one and let the other apartment pay for your mortgage! Both units are in very good condition with updated kitchens and baths and refinished hardwood floors. Home was gutted and completely renovated in 2008, newer roof, newer siding, electrical, insulation, Sheetrock, kitchens, baths and replacement windows. Walk-out basement used to be an apartment and could be combined with the 1st floor apartment to create a duplex unit (just needs to be renovated). Two newer natural gas boilers on the lower level walk out with a working bathroom which would be a great workshop. Home is within walking distance to Kingston Point Beach, and all that downtown Kingston has to offer: eateries, shops, festivals, parks, etc. There are also two water meters so each tenant also pays their own water. Basement has full size windows and mostly above grade, could be finished to make the first floor unit larger or for a common utility/storage and laundry room for the building. Cap rate at asking price is 8.90% including all expenses with a 3% vacancy and 3% repairs and maintenance expense. See associated doc's for full income and expense sheet.
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