47 Linderman Ave, Kingston, NY 12401

Renovated 2-family walking distance to Historic Uptown Kingston! Each unit has three bedrooms and one full bathroom. The downstairs unit has granite countertops with all new stainless steel appliances. There are oak hardwood floors in the Livingroom and brand new carpets in each bedroom. The upstairs unit has oak hardwood floors throughout each room and tile in the bathroom. The backyard is completely landscaped and has a detached building that could potentially accommodate a smaller car. The downstairs unit has a large open deck with a small private yard. Each unit has its own natural gas boiler, natural gas water heater, and 100amp electric panel. There are two water meters so each tenant pays their own water and sewer. The basement is accessible on the driveway side through the bilco doors. All the windows have been replaced in recent years along with the siding. The home was gutted, rewired, insulated, and finished with new sheet-rock. The owner also installed a new sewer line from the home to the street. Please note the cap rate is low because the downstairs unit is vacant. The cap rate is at 9.66% with fair market rents. Please see associated documents for the income and expense sheet.