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Single Family House for Sale in Poughkeepsie, Dutchess County, NY 12601 | Web ID: 837183 | $550,000

 
Single Family in Poughkeepsie - Lincoln  Dutchess County, NY 12601Single Family Lincoln  Dutchess County, NY 12601, MLS-837183-2Single Family Lincoln  Dutchess County, NY 12601, MLS-837183-3Single Family Lincoln  Dutchess County, NY 12601, MLS-837183-4
 

Property Description

High-yield 3-unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - Ask About Our 13 Door Package Deal With This Property. Investors, Take Advantage Of This Prime Multi-family Opportunity At 58 Lincoln Avenue, Poughkeepsie, Ny 12601. This Fully Occupied 3-unit Property Features Three Spacious 3-bedroom Apartments, Currently Generating $57, 000 In Gross Annual Income With A 7.53% Cap Rate. With Below-market Rents, This Property Offers Immediate Upside Potential, Reaching A 9.61% Pro Forma Cap Rate When Adjusted To Current Market Levels. Situated Within Walking Distance To Vassar Brothers Medical Center, This Location Provides A Steady Tenant Pool, Making It An Attractive And Reliable Income-producing Asset. The Property’s Spacious Units Appeal To Professionals, Families, And Students, Ensuring Long-term Rental Demand. Whether You're Looking To Expand Your Portfolio Or Secure A High-demand Rental Property In A Growing Market, 58 Lincoln Avenue Offers Immediate Cash Flow With Strong Future Returns. Schedule A Private Tour Today And Capitalize On This Income-generating Investment!

Property Information

Location/Town Poughkeepsie
Area/County Dutchess County
Prop. Type Single Family House for Sale
Tax $8,973.00
Bedrooms 9
Total Baths 3
Full Baths 3
Year Built 1900
Basement Unfinished
Construction Frame
Total Units 3
Lot SqFt 3,485
Cooling None
Heat Source Natural Gas, Other
Util Incl Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Days On Market 12
Tax Assessed Value 370300
Units 3
School District Poughkeepsie City
Features Other
Listing information courtesy of: Legacy Land & Homes LLC

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