1043 Columbia St, Kingston, NY 12401

This Town of Ulster 4-Family, with separate utilities, is conveniently located on a quiet street, close to shopping and schools. 4 identical, 966 sq. ft. units consisting of open living/dining/kitchen with cathedral ceiling, good-sized bedroom and full bath on main level and large open loft area with closet, on the second level. This loft area could be another bedroom, living/family/playroom or office. Tenants pay for trash removal and all utilities, except water and sewer. Rents are below current market rate due to long-term tenants. Net income and cap rate include a 5% vacancy rate. Projected rent for each apartment is $1200., for an annual rent of $57,600. Net projected income after expenses and 5% vacancy rate is $40,793. 9.5% PROJECTED CAP RATE.