A six-unit multifamily building in the heart of Kingston, one of the Hudson Valley's strongest and fastest-appreciating rental markets. Six units under one roof -- a clean, manageable footprint ideal for an owner-operator or an investor establishing a foothold in the region.
The unit mix spans two studios and four one-bedrooms, with several units currently renting well below market. For the right buyer, that gap is the opportunity: a stabilized, income-producing asset today with clear room to grow as legacy units turn over and rents reset to current Kingston levels.
Kingston continues to draw renters priced out of the metro area -- demand that has kept quality multifamily tight and well-occupied.
This is the kind of building you buy for the cash flow and hold for the upside.
Financials and full rent roll available upon request.
86 Pine 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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