230 Downs Street

230 Downs: Your chance for an easy and affordable opportunity. A two unit, well priced apartment building in Kingston's midtown provides the perfect option for building an investment portfolio or to begin the house hacking dream: live in one unit and rent the other... Estimated Cap rate at list price is approx 9.4 making this a no brainer deal to snatch up fast... For those wanting a single family.... you can easily convert this back to that or, just move on in and have two kitchens to feast with. Each unit is 1BR 1BA (shower/tub combo in both) with some original hardwood flooring. The downstairs unit has charming built ins reminiscent of this original 1920's architecture. A corner lot with private parking/driveway in addition to abundant street parking makes this an easy location for renting. The covered front porch is perfect for morning coffee .The downstairs unit can be accessed through the front porch hallway entry, or a private back entrance off the driveway with it's own sunroom. Full basement with interior and side yard access for shared laundry (new machines). Upstairs unit has access to walk up unfinished attic for storage. Each unit has it's own electric meter. Landlord currently pays for gas for the brand new efficient furnace with smart thermostat (but a conversion to minisplits would put that expense into the tenants column). Roof approx 5+ years old. Double pane windows. Currently solely owner occupied, and delivered vacant for the next owner. Market rents are ~1,500-1,550 for top unit, 1,650-1,750 for bottom unit. Clearly time to leap!