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Income-producing multi-family opportunity in the heart of Kingston, New York. 25 South Prospect Street is a well-maintained 2-family property offering investors or owner-occupants a strong opportunity in Ulster County's active rental market.
Unit Breakdown:
• Unit 1 -- 2 Bedrooms | 1 Full Bath -- Fixed-Term Lease
• Unit 2 -- 1 Bedroom | 1 Full Bath -- Month-to-Month Tenancy
With one unit secured on a fixed-term lease and the second operating on a month-to-month basis, the property offers a balance of current occupancy and future flexibility for investment or personal use, subject to applicable lease terms and local regulations.
Exterior features include a fully fenced backyard, private deck, storage shed, private driveway, and additional street parking availability. Basement washer and dryer hookups add convenience for occupants.
Located on South Prospect Street in Kingston, New York, within the Kingston City School District, the property provides convenient access to Uptown Kingston, local restaurants, shops, arts and cultural destinations, the Rondout Waterfront, Rhinecliff Amtrak Station, and the NYS Thruway (I-87).
With existing occupancy, flexible living arrangements, and a location in one of the Hudson Valley's most active markets, this property presents an excellent opportunity for investors or owner-occupants alike.
All information is deemed reliable but not guaranteed. Buyers are encouraged to independently verify all financials, leases, zoning, square footage, and property details.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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Our Executive Mortgage Banker:
$399,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $319,999 | $319,999 | $319,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $359 | $359 | $359 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,970 | $2,021 | $2,657 |
| Total Monthly Payment | $2,404 | $2,455 | $3,091 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.