11-13 Clinton Avenue, Kingston
Investment property that can be a true money maker in one of the hottest real estate markets in the country. Left side offers a large 3 bedroom apartment, first floor living room, dining room and kitchen, second floor 3 bedroom and a full bath. Right side has an upper and lower one bedroom apartment. Each apartment has separate meters for gas/electric, tenant pays own utilities. Legit 8% cap rate with calculations using 5% rate for vacancies, R&M, management. Rents are estimated with FMV. The 3 bedroom is in good shape. The one bedrooms require rehab but well worth the effort. As courtesy to tenants, appointments only Saturday 12-2, Tues 4-6, Thur 2:30-4:30
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