31 Holmes Street, Poughkeepsie, NY 12601
- $525,000
- 4
- BD
- 4
- BA
- 2,332
- SqFt
- List Price
- $525,000
- Price Change
- ▼ $25,000 1710192028
- Days on Market
- 67
- MLS#
- H6289666
- Status
- ACTIVE
- Property Type
- Multi Family
- Year Built
- 1900
- Property Tax
- $10,247
- Neighborhood
- Poughkeepsie City
- School District
- Poughkeepsie
- High School
- Poughkeepsie High School
- Jr. High
- Poughkeepsie Middle School
- Elementary School
- G W Krieger School
Property Description
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.
Additional Information
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Square Footage
- 2,332
- Acres
- 0.05
- Parking
- On Street
- Basement
- Unfinished
- Heating
- Natural Gas, Steam
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Ryan Arket (Ryan.arket@compass.com) from Listing Office: Compass Greater NY, LLC.
Information Copyright 2024, OneKey® MLS. All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS.