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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 817405
Bedrooms 4
Full Baths 4
Year Built 1920
Annual Tax Amount $10,247
Lot Size 4,356 Sqft
Property Sub-Type Quadruplex
Property Description
Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. 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 a current 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 cap rate! providing an exclusive advantage to the new owner—an opportunity to gradually increase rents, significantly magnifying 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!
Location
State NY
County Dutchess County
Interior
Heating Natural Gas, Radiant, Other
Cooling None
Exterior
Parking Features On Street
Utilities Available Trash Collection Public
Building
Lot Description Near School
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Warring Magnet Acad Of Sci & Tech
Middle Schools Poughkeepsie Middle School
High Schools Poughkeepsie City
School District Poughkeepsie City
Others
Special Listing Condition None
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Bought with Keller Williams Realty Partner
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