Here's your chance to own a lucrative four-family property in the rapidly expanding city of Kingston! Fully occupied and producing a gross income of 78k annually and is at an 8 cap rate. This property is available for individual purchase, or you can acquire the entire portfolio, which includes five other investment properties—four in Kingston and one in Red Hook. This property is a fantastic opportunity for investors looking to capitalize on the area's growth.
The property includes a mix of unit sizes to appeal to a broad range of tenants: two 2-bedroom, 1-bath units offering spacious living arrangements, and two 1-bedroom, 1-bath units perfect for singles or couples. The units range from 400 to 875 sq ft, catering to different tenant needs and maximizing rental potential. Tenants pay for all utilities except for water and sewer, keeping your expenses low and boosting your returns.
This property is close to the city's growing selection of restaurants, shops, and cultural hotspots. The surge in popularity in Kingston make this an opportune time to invest, with the potential for increased rental income and property appreciation in the coming years.
This option offers an incredible opportunity to expand your real estate holdings quickly and effectively.
With Kingston's real estate market continuing to thrive, this is an opportunity you don't want to miss.
Listing Details
$700,000
$13,428
Active
Single Family
20250494
3/1/2025
35 Day(s) Ago
Property Details
60 Franklin Street
Kingston
NY
12401
Ulster
6
0
1940
