370 Union Center Road, Ulster Park
Solid 4-family home located just outside of Port Ewen in the Town of Esopus, about 5 miles from the Downtown Kingston waterfront. There are two apartments on each floor and a full basement accessible from a bilco door. The units are spacious with nice kitchens and hardwood floors, bathrooms and overall condition is good to very good. There is plenty of parking and outside grassy areas for tenants to enjoy. Oil boiler and super store hot water heater have been replaced in recent years. Owner pays the heat and hot water and tenants pay electric. Each apartment has its own thermostat so if you wanted to separate the heat for each apartment its already plumbed individually. Please see associated doc's for full income and expense sheet, cap rate of 11.32% takes into consideration all sellers normal operating income and expenses, 5% repair and maintenance expense and a 3% vacancy rate.
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