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Property Description

8.2 CAP RATE!!! Welcome to an exceptional investment opportunity in the heart of Poughkeepsie, New York! This well maintained, fully rented two-family property features spacious 2-bedroom/1-bathroom units ensuring immediate passive income generation. Below market rents and value add opportunity provides for a conservative 8.2 pro forma cap rate. This property promises an attractive return on investment! Conveniently located near schools and public transportation, in a resilient and growing real estate market, Poughkeepsie offers the ideal setting for this income-generating gem. With a strong rental demand, this property is a must-consider for investors seeking long-term appreciation and consistent rental income. Don't miss out on this golden opportunity--schedule a viewing today and secure your place in the thriving Poughkeepsie market!

Overview

Property Status
Sold
Date Sold
June 24, 2024
Lot Size
3,485 Sq.Ft.
MLS ID
H6285626
Property Type
Multi-Family
Year Built
1925

Features & Amenities

Total Area
2,024 Sq.Ft.
Water Source
Public
Utilities
Trash Collection Public
Parking
Driveway
Heat Type
Natural Gas, Radiant
Air Conditioning
None
Appliances
Gas Water Heater
Sewer
Public Sewer
Elementary School
Gov George Clinton School
Middle School
Poughkeepsie Middle School
High School
Poughkeepsie High School
School District
Poughkeepsie City
Sales Price
$302,000
Real Estate Tax
$6,336/yr

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12 Fox Terrace

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for your interest in 12 Fox Terrace, Poughkeepsie, NY 12603

12 Fox Terrace
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  • CallGerard Smith

    License #10401353939

    (845) 490-9639