31 Holmes Street
31 Holmes Street
$525,000
4
4
2,332
2,332
$225
Listed By Compass
Description
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....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.
Listing Agent
Property Details for 31 Holmes Street
Garage Spaces
.00
Location
LISTING UPDATED: 03/11/2024 01:25 PM
Property Details for 31 Holmes Street
Status | Active |
---|---|
MLS # | H6289666 |
Days on Market | 66 |
Taxes | $10,247 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1900 |
Lot Size | 0.05 AC / 2,332 SF |
County | Dutchess County |
Location
Building Information for 31 Holmes Street
Stories-Residences4Year Built1900Building Size-Lot Size0.05 AC / 2,332 SF
Payment Calculator
$3,719 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 31 Holmes Street
Property History for 31 Holmes Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 31 Holmes Street
Taxable ValueLand$44,600Additions$263,400Total$308,000
Home Facts
Total Finished SqFt1,944 SqFtAbove Grade Finished SqFt1,944 SqFtStories2Lot Size3,049 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR-3CountyDUTCHESSAPN131300 6161-37-110745-0000
Schools near 31 Holmes Street
This home is within Poughkeepsie City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Public - | 6 to 10 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Gov George Clinton School Public1 to 5 | ||
Poughkeepsie Middle School Public6 to 10 | ||
Poughkeepsie High School Public9 to 12 | ||
Morse Young Magnet School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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