201 Broadway, Pt Ewen, NY 12466

2-Family Victorian just outside the City of Kingston. Close to all the amenities like restaurants, shops and downtown activities. Although this is currently a 2-family there is a 3rd-floor walk up waiting to be renovated. It's not just an attic; it has plenty of windows and a back-stair fire exit. Currently being used as a work studio for the owner's son there is all new electric done to code on the 3rd floor. Some changes would have to be made to allow for the kitchen, and there is a bathroom that was never fully completed. It would probably be a single bedroom, and you would need to get the proper permits to do this. This property is owner-occupied with family members so there is no rent roll. The estimated rents for each apartment is as follows: 1st floor $2,000+, 2nd floor $1,700, and once the 3rd floor is finished $900 to $1050. That's a possible gross yearly income of $57,000. If owner-occupied and used for family just think of how much money you will save them.