184 Hurley Ave, Kingston, NY 12401

Two building apartment complex located within walking distance to Uptown Kingston and the bus station. Building #1 fronts Snyder Ave, built in 2012 offers 7 apartments, (6) two bedroom units measuring +/- 1,050 SF and the top floor two bedroom apartment measuring +/- 1,400 SF. All tenants pay their own electric, landlord pays for the heat and hot water. (5) of the units in this building have washer and dryer hookups and there is also a coin operated washer and dryer. Building # 2 fronts Hurley Ave, built in 1960 offers 8 apartments. All tenants pay their own electric, landlord pays for the heat and hot water. Both buildings have long term tenants. Cap rate at asking price is 6.39%, this includes all confirmed expenses including a 3% vacancy rate and 3% repair and maintenance expense. Rents are well below market, please call for income and expense sheet with pro-forma breakdown. Cap rate at market rents would be 8.5%. Please see associated doc's for full income and expense sheet.