58 Lincoln Avenue, Poughkeepsie, NY, 12601
$525,000
Multi Family
For Sale
9 Beds
, 3 Full Bath
Details
ML#: 837183
- # of Families: 3
- Year Built: 1900
- Taxes: $8,973
- Status:Active
Description
High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This fully occupied 3-unit property features three spacious 3-bedroom apartments, currently generating $57, 000 in gross annual income with a 7.53% cap rate. With below-market rents, this property offers immediate upside potential, reaching a 9.61% pro forma cap rate when adjusted to current market levels.Situated within walking distance to Vassar Brothers Medical Center, this location provides a steady tenant pool, making it an attractive and reliable income-producing asset. The property’s spacious units appeal to professionals, families, and students, ensuring long-term rental demand.Whether you’re looking to expand your portfolio or secure a high-demand rental property in a growing market, 58 Lincoln Avenue offers immediate cash flow with strong future returns.Schedule a private tour today and capitalize on this income-generating investment!
More Property Details
Bedroom: 9
Full Bath: 3
Lot Size: 0.08
Lot Sq Ft: 3485
Heat: Natural Gas, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $8,973
School District#: 1
School District: Poughkeepsie City
Listing Information provided courtesy of
Legacy Land & Homes LLC
845-206-9462