$950,000
Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while… Read More the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request. Read Less
Listing Courtesy of Serhant LLC.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Lot Size
0.14 Acres
Year Built
1900
Property Tax
$15,377
MLS Number
1030135
30 Days Snapshot Of 12601
$358k
-22%
(avg) sold price
3
-78%
homes sold
185
+74%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: Finished, Full, Walk-Out Access
Building
Architecture: Row Dwelling, Building Area: 4488, Construction Materials: Brick, Year Built: 1900
Cooling
Details: None
Heating
Heating: Baseboard, Natural Gas
Lot
Acres: 0.14, Size: 6098
Property
Zoning: R-3
Utilities
Sewer: Public Sewer, Water Source: Public, Utilities: Natural Gas Connected
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Devang Patel
Realtor®

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The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers' personal, non-commercial use. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of OneKey MLS.

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