138-140 St. James Street, Kingston

This uptown 4-family house, c.1920 is located within walking distance of the Stockade District and all it has to offer - shops, restaurants, services, cultural attractions, a weekly farmer's market, and more. Well-maintained and taken care of, this property presents a great opportunity for a Buyer who wants to live in the building and offset monthly mortgage payments, or strictly as an investment property with a great cap rate. The building includes four 1+ bedroom apartments (second room suitable for office space or fold-out sofa) with the same footprint in each unit. The two 2nd floor units also have walk-up attic space suitable for storage only. Unfinished basement is clean and offers owner much more additional storage should they wish. All heating and electrical in good working order.
Rents are below market value. 1 upper unit currently vacant. Leases are currently month to month with current tenants automatically renewed annually - 1 in April, 1 in May, and 1 in June.
24 hour notice required for all showings. 138 Upper unit is vacant and can be shown on 1st showing, along with basement. All other unit showings must be scheduled after 1st showing to allow advance coordination with tenants. Current owner willing to hold paper based on review of Buyers financials.