Fantastic investment opportunity awaits with this pleasant 3 unit apartment building.
2-1 Bedroom, Upstairs has access to the Attic. Downstairs has access to the Basement.
1-3 Bedrooms with access to the Attic and Basement.
Well taken care of over the years, 2 long term tenants month to month .
Nice features include 2 faux fireplaces, large kitchens, lovely front porch.
Perfect for investors or owners to live in and collect rents!
A quick proforma of 1850 for each 1 bedroom and 2500 for the 3 Bedroom= 6200
monthly X 12 = 74,400 yearly less 5percent vacancy rate = 3,750 less 9,227.56 in taxes = 61,422.44 - 300.00 in water = maintenance 5,000 = insurance 2,500= 53622.44 = 13 CAP
12 Prince Street, Kingston, NY, 12401
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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