172 Downs Street, Kingston, NY 12401

Looking to start or expand your real estate investing career? 172 Downs Street is the perfect property to round out your portfolio. Located in the heart of Kingston's booming Midtown, this two unit home is a proven money maker with solid tenants in place. Built in 1915, the current owners have made significant updates to the home, including a new roof, new TimberTech front porch, bathroom renovation in the downstairs unit, and new carpet in the upstairs unit. Each unit is 780 square feet, with two bedrooms, one bathroom, kitchen and living room. The spacious backyard is ripe for landscaping to add value to the property. Both unit's tenants are in good standing, and at asking price, this property is a solid 8 cap. Pro-forma is available with rents and expenses. Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and market rate rents could improve the property's cash flow and cap rate significantly.