United StatesNew YorkPoughkeepsie31 Holmes Street

31 Holmes Street
31 Holmes Street Poughkeepsie, New York 12601 United States

$525,000
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Compass Greater NY, LLC

Listing Courtesy of Compass Greater NY, LLC, Email/Phone : (914) 238-0676

About 31 Holmes Street

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.

Listing Courtesy of Compass Greater NY, LLC, Hudson Gateway Multiple Listing Service, Inc. (HGMLS), Email/Phone : (914) 238-0676

The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

PROPERTY INFORMATION

Basement
Unfinished
Garage Info
0
Heating
Natural Gas, Steam
Parking Description
On Street
Sewer
Public Sewer
Water
Public

EXTERIOR

Construction
Brick, Frame
Lot Description
Level

ADDITIONAL INFORMATION

Number of Units
4
4
Bedrooms
4
Full Baths
2,332 Sq Ft.
Interior
.05 Acres
Exterior
Single Family Homes
Property type
1900
Year Built
H6289666
Web Id
H6289666
MLS ID
Poughkeepsie City
School District
G W Krieger School
Elementary
Poughkeepsie Middle School
Middle
Poughkeepsie High School
High
Listing Courtesy of Compass Greater NY, LLC, Email/Phone : (914) 238-0676

Compass Greater NY, LLC

Listing Courtesy of Compass Greater NY, LLC, Email/Phone : (914) 238-0676

Copyright 2016 Mid-Hudson Multiple Listing Service, Inc.


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