Description
Turnkey three-family investment opportunity in the heart of the City of Poughkeepsie! Each unit features three bedrooms and one bathroom, all currently rented with consistent cash flow and a solid NOI of $61,309with room for upside, as insurance costs can be optimized. The property has been thoughtfully updated: Unit 1 was fully renovated in April 2025 with a brand-new range and fridge; Unit 2 was fully renovated in April 2025 and includes a new range; Unit 3 was renovated three and a half years ago with a new fridge installed in November 2024. Common areas have also been updated and maintained within the past year. Ideally located just minutes from Poughkeepsie's revitalized downtown, the Hudson River waterfront, Vassar College, Marist, and the Walkway Over the Hudson, this property offers convenience, strong rental demand, and long-term appreciation potential. Whether you're a first-time investor or a seasoned buyer looking to expand your portfolio, this fully leased, income-producing property is a smart and strategic acquisition.
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9BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
School Ratings & Info
Description
Turnkey three-family investment opportunity in the heart of the City of Poughkeepsie! Each unit features three bedrooms and one bathroom, all currently rented with consistent cash flow and a solid NOI of $61,309with room for upside, as insurance costs can be optimized. The property has been thoughtfully updated: Unit 1 was fully renovated in April 2025 with a brand-new range and fridge; Unit 2 was fully renovated in April 2025 and includes a new range; Unit 3 was renovated three and a half years ago with a new fridge installed in November 2024. Common areas have also been updated and maintained within the past year. Ideally located just minutes from Poughkeepsie's revitalized downtown, the Hudson River waterfront, Vassar College, Marist, and the Walkway Over the Hudson, this property offers convenience, strong rental demand, and long-term appreciation potential. Whether you're a first-time investor or a seasoned buyer looking to expand your portfolio, this fully leased, income-producing property is a smart and strategic acquisition.
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