16 18 Center Street, Poughkeepsie, NY 12601

Property Description

EXCEPTIONAL 5 FAMILY INVESTMENT OPPORTUNITY IN POUGHKEEPSIE WITH A 9.3 % CAP RATE CONSISTING OF 2 MULTI FAMILY HOMES #16 AND #18 CENTER STREET. EACH UNIT IN THE 3 FAMILY CONSISTS OF 2 BEDROOMS,LIVING ROOM,DINING ROOM, EAT IN KITCHEN AND FULL BATH.EACH UNIT IN THE 2 FAMILY CONSISTS OF 1 BEDROOM, LIVING ROOM, DINING ROOM, EAT IN KITCKEN AND FULL BATH. ALL UNITS HAVE SEPARATE UTILITIES AND SEPARATE LAUNDRY HOOK UP FOR EACH UNIT IN THE BASEMENT. ALSO INCLUDED IS A 5 BAY GARAGE FOR ADDITIONAL INCOME. 18 CENTER STREET SITS ON A DOUBLE LOT WHICH IS IDEAL FOR ADITIONAL PARKING. THESE HOMES HAD AN OLDER RENOVATION DOWN TO THE STUDS.UPDATES INCLUDE ELECTRIC, WATER HEATERS, KITCHENS, BATHROOMS AND APPLIANCES. HOMES OFFER THE CONVENIENCE OF MUNICIPAL WATER, MUNICIPAL SEWER AND NATURAL GAS.JUST MINUTES TO VASSAR BROTHERS MEDICAL CENTER, MID-HUDSON REGIONAL HOSPITAL, MARIST COLLEGE,METRO NORTH POUGHKEEPSIE TRAIN STATION,IBM,CIA,SHOPPING, RESTAURANTS, WATER FRONT AND MAJOR COMMUTER HIGHWAYS.