Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by an impressive 6.5%+ cap rate, but there's still room to grow! Presently, only one unit is leased at market rent, providing an exclusive advantage to the new owner an opportunity to gradually increase rents over time, significantly amplifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Fantastic Opportunity for business and/or residential! Multiple possibilities abound with great space and off street parking. 3 floors, 2 car detached garage, 3+ BR, living room, dining room, kitchen, Current use business first level with residential above. Architect, private practice, daycare are just a few of the permitted uses. Close to route 9, trains and hospitals. Great visibility in historic district in central Dutchess County location. Come take a look and create your vision.
Poughkeepsie is located in New York. Poughkeepsie, New York has a population of 31,475. Poughkeepsie is less family-centric than the surrounding county with 20.27% of the households containing married families with children. The county average for households married with children is 29.92%.
The median household income in Poughkeepsie, New York is $48,805. The median household income for the surrounding county is $87,112 compared to the national median of $69,021. The median age of people living in Poughkeepsie is 39.2 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 47 inches per year, with 41.5 inches of snow per year.