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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!
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 |