4 Units in Kingston
$550,000
Highlights
Units
4
Stories
2
Price Per Unit
$137,500
Lot Size
5,880 ft²
Cap Rate
6.2%
Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays – opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots.
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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased.