Price Reduced 4.55%
Price History
$550,000
2/21/2024
$525,000
3/11/2024
31 Holmes Street, Poughkeepsie, (Poughkeepsie City), NY, 12601
4 beds
4 Full baths
1900
Multi Family
2,332 sqft
Investment opportunity awaits at this south side Poughkeepsie four-unit. If you're looking to take advantage of the new FHA owner-occupied investment property guidelines, this is a great opportunity to live in one unit while the other three rent rolls can help carry the mortgage. Currently, the building is fully leased but one unit can be delivered vacant if that is the preference. The property has room for expansion and features four one-bedroom, one-bathroom units, all separately metered electric. The current rent brings in an annual gross income of $48,000 ($1k/month each unit). All rents are below market value, which could be increased in the future to further increase the cap rate. Situated conveniently near the Poughkeepsie Tennis Club, Vassar Hospital, Route 9, and the Poughkeepsie Metro North Station, this property is ready for its new owner.
Status:
Active
Town:
Poughkeepsie
Type:
Multi-family
Units:
4
Garage:
On Street
Heating:
Natural Gas, Steam
Cooling:
None
Basement:
Unfinished
Acreage:
0.05
Est. Taxes:
$10,247
Assessment
$280,000
Construction
Brick, Frame
Lot Description:
Level
Elementary School:
G W Krieger School
Middle School:
Poughkeepsie Middle School
High School:
Poughkeepsie High School
School District:
Poughkeepsie
MLS #:
H6289666
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of COMPASS GREATER NY LLC NY (914) 238-0676