Great find! Three family fully rented. Located on the Southside of Poughkeepsie. The set up is 2 Bedrooms and 1 bath on each floor. All apartments have gas stoves and refrigerators; Flooring is mixed with some hardwood and laminate. There is only 1 heating system and 1 electric meter. All apartments have baseboard /radiator hot water heat. Separation can be done with 2 apartments by adding the ductless systems for heat and getting two electric meters for the other apartments through the City of Poughkeepsie. Current Monthly rent roll is $5, 050 a month. Total gross rents per year is $60.600.00. Private off-street parking - two car garage with loft is a bonus. The loft offers additional storage and other possibilities for future revenue. School tax is $3971.90, and Property tax is $5120.11 Gas & Electric for all three apartments for a year is 7200. Other updates include most of the windows, updated kitchens and bathrooms, and self-closing steel doors. No leases in effect. Rents below market. Great potential to increase revenue. Currently 7% cap rate.
Bedroom: 6 Full Bath: 3
ConstructionMaterials: Lighting, Mailbox Lot Size: 0.12 Lot Sq Ft: 5227 Garage: Yes Garage: 2.0 Parking Spaces: Yes Parking Spaces: 4 Parking Facilities: Driveway, Garage, On Street Porch Description: Yes
Heat: Natural Gas A/C: None Water: Public Sewer: Public Sewer
Taxes: $9,092
School District#: 1 School District: Poughkeepsie City
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