14 Derrenbacher St, Kingston, NY 12401

Large, Brick 2-Family in the heart of the City of Kingston. Each unit features 3 bedrooms and 1 bath, with separate utilities. A legal, 2-family, this home has been occupied by family and is currently set up more as a mother-daughter, with front and back staircases. The first floor unit has central air conditioning and the full, dry basement offers plenty of storage space. Very conveniently located in the mid-town area with it's budding art and cultural scene as well as the Greenline area and only minutes to both the Uptown Stockade area and the Downtown Rondout Waterfront. House needs some updating and cosmetics, but appears to be a very solid home. There may be some wood floors under the carpets. CAP RATE - 7.5 %, at asking price, includes a 5% vacancy rate. Since home has been owner occupied, the income is pro forma.