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Presented by
Maria Mantis |
Turnkey, renovated, and full of possibility, this thoughtfully updated two-family property offers a rare opportunity in the heart of Kingston's vibrant Midtown district. Whether you're seeking an investment property, an owner-occupied home with supplemental income, or a flexible multigenerational living arrangement, this property is ready to deliver.
The home is configured as two beautifully renovated apartments, including a spacious three-bedroom, one-bath residence and a charming one-bedroom, one-bath residence. Recent improvements include stylish updated kitchens and bathrooms, oak flooring throughout, creating bright, historic old world interiors that are both comfortable and low maintenance.
The one-bedroom apartment is currently rented for 1, 850 per month, providing immediate income, while the vacant three-bedroom unit (most recently rented for 2, 700) offers exceptional flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rates. This unique setup allows buyers to move right in, generate income from day one, and tailor the property to their own needs.
Ideally located in Kingston's thriving Midtown neighborhood, you'll enjoy easy access to restaurants, coffee shops, galleries, boutiques, parks, and community events. Minutes from Uptown Kingston, the historic Stockade District, and the Rondout Waterfront, this central location places the very best of Kingston within easy reach.
With tasteful renovations, income already in place, (with the potential for 54K annually) and a vacant three-bedroom unit ready for its next chapter, this move-in-ready multifamily property offers a compelling opportunity in one of the Hudson Valley's most dynamic markets.
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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$599,000
Licensed Associate Real Estate Broker
William Raveis Real Estate
Phone: 914.525.9472
Maria.Mantis@raveis.com
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William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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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 | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $901 | $901 | $901 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,912 | $3,026 | $3,979 |
| Total Monthly Payment | $3,905 | $4,019 | $4,972 |
* 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.