38 May Street, Poughkeepsie, NY, 12603 | $325,000

With much of its original woodwork still intact, this 1910 two-family home offers timeless character along with several key improvements already in place. Each unit offers 2 bedrooms, 1 full bath, kitchen, dining room, and living room. Separate gas meters and furnaces provide independent utilities for each apartment. While the property could benefit from updating and cosmetic improvements, many important upgrades have already been completed, including newer windows, recently updated bathrooms, added insulation, gutter toppers, fully paid-off solar panels that provide long-term energy savings, and updates to much of the home’s electric and plumbing systems. Both the front and rear porches are enclosed, adding additional usable space. A standout feature is the large walk-up attic, which offers exciting possibilities for future expansion. The attic already has roughed-in plumbing for an additional full bath, with water, sewer, gas, and electric lines already in place. Completing the property is a detached one-car garage. Whether you’re an investor, contractor, or buyer looking to build equity, this property presents a great opportunity to restore, update, and capitalize on the character and potential this classic home has to offer. Located just a short distance from the Bardavon Performing Arts Center and Poughkeepsie's thriving culinary and arts scene, just minutes to Metro North, Vassar Brothers Hospital, the Culinary Institute of America, Marist and Vassar Colleges and much more.   Don’t miss this incredible opportunity.

Features

  • Bedrooms: 4
  • Baths: 2 full
  • Year Built: 1910
  • Garage: 1-car
  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • Basement: Unfinished
  • Acreage: 0.08
  • Est. Taxes: $6,927
  • Elem. School: Smith Early Learning Center
  • Middle School: Poughkeepsie Middle School
  • High School: Poughkeepsie High School
  • School District: Poughkeepsie
  • MLS#: 1016053
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1016053/38maystreet_poughkeepsie_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Houlihan Lawrence Inc.   Phone: 845-473-9770

William Raveis Family of Services

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Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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38 May Street, Poughkeepsie, NY, 12603

$325,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $260,000 $260,000 $260,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.436% 6.603% 5.952%
Monthly Tax Payment $577 $577 $577
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,580 $1,642 $2,159
Total Monthly Payment $2,232 $2,294 $2,811

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.