50 Hanratty Street, Kingston
Centrally located 2-unit opportunity in Kingston. Large 2 family home with detached 2 car garage and big backyard. Front apartment is a 2 story 3 bedroom 2 bath apartment with washer and dryer hookup, unit is in very good condition with excellent tenant, second apartment is in the back, third floor unit offering 3 bedrooms and one bath is good condition also with a great rents. Garage is rented for $250 a month on a month to month basis. A great return in a lovely residential area just minutes to the Downtown Kingston Waterfront. These units are nicely sized 3 bedroom units. Please see associated docs for breakdown of Income & Expenses. Cap rate at asking price is 9.10 which includes all expenses including a 5% repair/maintenance expense and a 3% vacancy rate.
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