Seize this incredible investment opportunity in the rapidly growing city of Kingston! This four-family property is fully occupied and brings in a solid gross income of 72k annually and is at an 8 cap rate. Tenants pay all the electric, maximizing your bottom line and ensuring a hassle-free investment.
This property can be purchased individually, or you can acquire the entire portfolio, which includes five other investment properties—four in Kingston and one in Red Hook. This portfolio option provides an excellent opportunity to scale your investments quickly.
The property features four unique 1-bedroom, 1-bathroom units, ranging in size from 329 sq ft to 493 sq ft, each designed to appeal to tenants seeking cozy, low-maintenance living spaces. This property offers easy access to the city's expanding array of restaurants, shops, and cultural hotspots. With the area's increasing popularity, the potential for rental growth is substantial, making this a savvy investment choice.
With Kingston's real estate market on the rise, this is your chance to capitalize on the momentum.
Listing Details
$675,000
$12,308
Active
Single Family
20250490
3/1/2025
35 Day(s) Ago
Property Details
2-8 Walnut Street
Kingston
NY
12401
Ulster
4
0
1955
