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Image 1 - 31 Holmes Street, City of Poughkeepsie, NY 12601, USA - House for sale
Image 2 - 31 Holmes Street, City of Poughkeepsie, NY 12601, USA - House for sale
Image 3 - 31 Holmes Street, City of Poughkeepsie, NY 12601, USA - House for sale
Home For Sale In Poughkeepsie, New York
31 Holmes Street, City of Poughkeepsie, NY 12601, USA

Home For Sale In Poughkeepsie, New York

house for sale
Listed: 02/25/24

31 Holmes Street, City of Poughkeepsie, NY 12601, USA

4 Bed:
4 Bath:
2,332 Sq Ft Living Area:
Save
Price
$ 550,000

About This House

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.

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