Listing photo for 31 Holmes Street, Poughkeepsie City, NY
Listing photo for 31 Holmes Street, Poughkeepsie City, NY
Listing photo for 31 Holmes Street, Poughkeepsie City, NY
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31 Holmes Street,

Poughkeepsie City, NY

$525,000

4 Beds
4 Baths
2,332 Sqft
0.05 Acres

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.

Facts & Features
MLS® # H6289666
Price $525,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 2,332
Acres 0.05
Year Built 1900
Type Residential Income
Sub-Type Multi Family
Status Active
MLS hgmls
Community Information
Address 31 Holmes Street
City Poughkeepsie City
County Dutchess
State NY
Zip Code 12601
Amenities
Parking On Street
Is Waterfront No
Has Pool No
Interior
Heating Natural Gas, Steam
Cooling None
Has Basement Yes
Basement Unfinished
Fireplace No
Exterior
Lot Description Level
Construction Brick, Frame
School Information
District Poughkeepsie
Elementary G W Krieger School
Middle Poughkeepsie Middle School
High Poughkeepsie High School
Additional Information
Date Listed February 21st, 2024
Days on Market 67
Short Sale No
RE / Bank Owned No
Listing Details
Listing Courtesy of Compass Greater NY, LLC
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Listing information last updated on April 29th, 2024 at 12:50am EDT.