31 Holmes Street Poughkeepsie, NY 12601
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyDutchess
- Taxes$10,247
- HOA/Condo/Coop Fees$0
- Days on Site116 Days
- MLS StatusPending
- MLS ID NumberH6289666
- Home Size Source N/A
- Year Built1900
- Lot Size0.05 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Construction BrickFrame
- Parking On Street
- Sewer Public Sewer
- Basement Unfinished
- Acreage 0.05
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling None
- Heating Natural GasSteam
Exterior Features
- Lot Level
Community Features
- Senior Community No