Turn key mixed use property located in a prime waterfront location in Poughkeepsie. Discover the income potential of this well maintained mixed use property located within minutes to Marist University, Culinary Institute of America, Hudson River and Route 9. Ground floor features a commercial space currently rented out to church office offering a quiet and stable tenant with community ties. The second and third floor feature updated 1 bedrooms apartments that are both currently leased. This property offers a rare parking lot providing ample parking for both business's and tenants. In the parking lot you will find a detached 2 car garage that is currently rented out for $200/mo adding to the strong cash flow. 34 Hoffman St is an excellent opportunity for investors or owner occupants seeking a fully rented income producing property in a growing area.
34 Hoffman Street, Poughkeepsie, NY, 12601
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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