761 Main Street, Poughkeepsie, NY, 12603
1920
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!
Status:
Active
Type:
Commercial
Units:
6
Heating:
Hot Water
Cooling:
None
Basement:
Unfinished
Acreage:
0.14
Est. Taxes:
$27,035
Assessment
$605,000
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
School District:
Arlington
Days on Market:
13
MLS #:
836843
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Legacy Land & Homes LLC 845-206-9462