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$ 850,000
Est. payment | /mo
6,098 Sqft Lot
$ 850,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY836843
Originating Board onekey2
Rental Info No
Year Built 1920
Annual Tax Amount $27,035
Lot Size 6,098 Sqft
Acres 0.14
Property Description
High-Yield 6-Unit Investment Property in the Town of Poughkeepsie. *1031 Exchange Buyers - ask about our 13 Door Package deal with this property.
Unlock the potential of 761 Main Street, Poughkeepsie, NY 12603 a 6-unit rental property offering strong returns in a growing market. With a gross annual income of $116,364, this property currently operates at a 6.46% cap rate, with the ability to reach a 7.33% pro forma cap rate by bringing below-market rents in line with current market rates, one unit has already been adjusted.
Each unit benefits from separate electric and gas meters, ensuring simplified management and efficient operations. Situated in a prime Main Street location, this property is within walking distance to local businesses, dining, and public transportation, making it a highly desirable rental opportunity.
Investors will appreciate the strong cash flow and immediate value-add potential, making this an excellent option for those seeking both stability and upside in the Hudson Valley rental market.
Schedule a private tour today and secure a high-performing investment property with significant growth potential!
Unlock the potential of 761 Main Street, Poughkeepsie, NY 12603 a 6-unit rental property offering strong returns in a growing market. With a gross annual income of $116,364, this property currently operates at a 6.46% cap rate, with the ability to reach a 7.33% pro forma cap rate by bringing below-market rents in line with current market rates, one unit has already been adjusted.
Each unit benefits from separate electric and gas meters, ensuring simplified management and efficient operations. Situated in a prime Main Street location, this property is within walking distance to local businesses, dining, and public transportation, making it a highly desirable rental opportunity.
Investors will appreciate the strong cash flow and immediate value-add potential, making this an excellent option for those seeking both stability and upside in the Hudson Valley rental market.
Schedule a private tour today and secure a high-performing investment property with significant growth potential!
Location
State NY
County Dutchess County
Rooms
Basement Unfinished
Interior
Heating Hot Water
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Schools
School District Arlington
Others
Special Listing Condition None
Listed by Legacy Land & Homes LLC
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Mindy Skelly
Licensed Real Estate Broker