194 Clinton Ave, Kingston, NY 12401

Solid 4-family home located just steps away from the Heart of Uptown Kingston. Well maintained building has been cared for by the same owner for over 20 years. All units are in very good condition, sheet-rocked walls and ceilings, updated electric (one meter for each apartment and a landlord meter). Newer gas boiler with 4-zones (one for each apartment) which could make for easy separation of heating utilities if desired. There are two (1) bedroom units and two (studio) units. Half of the roof was replaced in recent years and the siding is in very good condition. Full basement is accessible from a bilco door in the back of the building, basement is dry and great for storage/workshop. Rents are well below market rates, all tenants are on month to month rental agreements. Please see associated doc's for full income and expense sheet with Pro-forma column with market rates (under current condition). At fair market rents (in the current condition) the cap rate with all expenses including, vacancy, repairs/maintenance and all expenses would be +/- 8% cap rate at asking price.