57 W Pierpont Street, Kingston, NY 12401

Large two family duplex located in the Downtown Rondout waterfront area. Walk to restaurants, shops and events from this solid property. Property is currently fully rented with long term excellent tenants. Both units have their own full basement, half bath on the first floor, back deck, three bedrooms on the second floor and a walk-up finished attic. Each unit rents for under market rent of $1,100 per month with the tenants paying all their own utilities. Market rent would be $1,300 to $1,400 a month. Cap rate at asking price is 10%. Great location, cap rate at market rent would be +/- 13%.