117 Hone Street, Kingston
Kingston 3 unit right in the heart of the Downtown Kingston district- short walk to the Strand and waterfront shops, festivals and eateries. This 3 family would be perfect for owner occupancy or just a solid investment. Building is in good condition, on a corner lot and just a short walk to hospitals, schools, eateries and the city bus. The building has a newer roof, replacement windows, vinyl siding and a small yard. There are 3 electric hot water heaters, 3 natural gas boilers, 3 gas meters and 4 electric meters. Cap rate at asking price is 10.54% with a 5% vacancy rate (current vacancy is lower than that) and a 5% repair and maintenance rate along with all normal expense. Please see associated docs for full breakdown of the income & expense
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