About 31 Holmes Street
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.
Features of 31 Holmes Street
| MLS® # | H6289666 |
|---|---|
| Price | $525,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,332 |
| Acres | 0.05 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 31 Holmes Street |
|---|---|
| City | Poughkeepsie City |
| County | Dutchess |
| State | NY |
| Zip Code | 12601 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Steam |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Unfinished |
| Fireplace | No |
Exterior
| Lot Description | Level |
|---|---|
| Construction | Brick, Frame |
School Information
| District | Poughkeepsie |
|---|---|
| Elementary | G W Krieger School |
| Middle | Poughkeepsie Middle School |
| High | Poughkeepsie High School |
Additional Information
| Date Listed | February 21st, 2024 |
|---|---|
| Days on Market | 83 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass Greater NY, LLC |
|---|