- Bedrooms: 5
- Bathrooms: 2
- Price: $395,000
Located in the heart of Kingston's rapidly evolving Midtown corridor, this mixed-use investment property offers immediate cash flow with substantial upside potential. The property consists of three units, including two occupied residential apartments and one vacant commercial space with the possibility of conversion to an additional residential unit, subject to municipal approvals. The first unit features a spacious two-bedroom layout, while the second unit offers a large two-bedroom layout with an additional den, ideal for a home office, guest room, or flex space. Both residential units are occupied by paying tenants in good standing, providing existing stable income from day one. The vacant commercial space presents an attractive value-add opportunity for investors looking to maximize returns through redevelopment or residential conversion. With private parking and flexible configuration options, the property is well-positioned to capitalize on the ongoing growth and demand in Midtown Kingston. Projected rental income has the potential to exceed $5,000 per month once fully optimized. Conveniently located near dining, shopping, the arts district, Uptown Kingston, and the Rondout w