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31 Holmes ST Poughkeepsie, NY 12601
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,332 sqft
Price per Sqft $188
MLS Listing ID H6289666
Sold Date 08/09/24
Bedrooms 4
Full Baths 4
Originating Board onekey
Rental Info No
Year Built 1900
Annual Tax Amount $10,247
Lot Size 2,178 Sqft
Acres 0.05
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.
Location
State NY
County Dutchess
Rooms
Basement Unfinished
Interior
Heating Natural Gas, Steam
Cooling None
Fireplace No
Exterior
Garage On Street
Parking Type On Street
Garage false
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools G W Krieger School
Middle Schools Poughkeepsie Middle School
High Schools Poughkeepsie High School
School District Poughkeepsie
Others
Senior Community No
Special Listing Condition None
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Bought with Keller Williams Realty Partner