Investment Opportunity in Historic Kingston, New York
An exceptional investment opportunity awaits in historic Kingston, New York! This charming early-20th-century Victorian-style two-family home offers a three-bedroom apartment on the first floor and a two-bedroom apartment on the second floor, This income generated investment provides a cap rate of 10.
The property features a large, private, fenced-in backyard, offering plenty of outdoor space for both apartments. Each unit also has its own private deck overlooking the yard. A welcoming rocking-chair front porch adds to the home's classic Victorian charm, while the spacious driveway provides ample off-street parking.
Recent improvements include upgraded electrical service from the pole to the panel boxes. All utilities are separately metered and paid by the tenants, while the owner is responsible for the water and sewer bill.
The current owner has lovingly and meticulously maintained this property for more than 44 years, and the pride of ownership is evident throughout. Most recently, new sidewalks were installed along the street.
The location is highly walkable and close to many of the attractions, dining, entertainment, and businesses that make Kingston such a vibrant destination. Just a short walk away are the Ulster Performing Arts Center, The Venue, numerous restaurants and cafés, and much more.
Kingston continues to attract new residents, investors, entrepreneurs, and visitors, with microbreweries, distilleries, restaurants, and small businesses contributing to the city's ongoing revitalization.
Don't miss this opportunity to own a well-maintained two-family property in one of the Hudson Valley's most exciting communities. Come be part of Kingston's renaissance!
