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.
H6289666
Multi-Family, Other
4
Dutchess
4 Full
1900
0.05
Acres
Public
Brick,Frame
Public Sewer
2,332
Sq. Ft.
School Information
G W Krieger School
Poughkeepsie Middle School
Poughkeepsie High School
Bathrooms
4
Total:4
Interior Features
- Appliances
- Electric Water Heater
- Cooling
- None
- Heating
- Gas Heat, Steam. .
- Common Walls
- No Common Walls
- Basement
- Unfinished
Exterior / Lot Features
- Parking
- On Street.
- Exterior
- Brick, Frame
- Additional Exterior/Lot Features
- Level.
Financial Considerations
131300-6161-37-110745-0000
$10,247
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