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Opportunity awaits! Three-family home located steps away from Kingston's Downtown Waterfront, where you'll find local cafes, shops, restaurants, and so much more. The property features two vacant units and one occupied unit, making it an excellent opportunity for investors or owner-occupiers seeking rental income. The main level unit ( vacant) boasts two bedrooms, one full bath, a spacious living area, and a washer/dryer hookup. Recent updates to this unit include a new kitchen with stainless steel appliances and freshly painted throughout. This unit is heated with baseboard electric heat. The lower-level unit ( vacant) offers one bedroom, one bath, a kitchen, and a small office. This cozy space is heated with natural gas and forced air, making it both efficient and comfortable. The second-level unit, currently occupied, features two bedrooms, one full bath, a living area, and access to the balcony—perfect for enjoying the outdoors. This unit utilizes a combination of electric baseboard heat and natural gas forced air for heating. Additional highlights of the property include new landscaping, concrete patio and new sidewalks. Vinyl siding, windows and roof are 10 years old. Each unit has separate electric meters and hot water heaters, with tenants responsible for their own utilities. Property has an oversized yard and provides street parking. Don't miss out on this fantastic opportunity to own a three family home located in a prime location with great rental potential, come take a look! See associated docs for income/expense sheet, floor plans and county records.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $573 | $573 | $573 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,146 | $2,259 | $2,879 |
Total Monthly Payment | $2,793 | $2,906 | $3,526 |
* 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.