31 Holmes Street

Poughkeepsie, NY 12601

$525,000
Price
4
Beds
4
Baths
2,332 Sq. Ft.
$225 / Sq. Ft.
2,332
Sq. Ft.
$225
per Sq. Ft.

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

  1. Ryan Arket

    Ryan Arket

    Listing Agent

    Compass

    ryan.arket@compass.com

    P: 845.590.2919

Property Details for 31 Holmes Street

Garage Spaces
.00

Location

Add your commute
LISTING UPDATED: 03/11/2024 01:25 PM

Property Details for 31 Holmes Street

StatusActive
MLS #H6289666
Days on Market66
Taxes$10,247 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.05 AC / 2,332 SF
CountyDutchess County

Location

Add your commute

Building Information for 31 Holmes Street

Stories-Residences4Year Built1900Building Size-Lot Size0.05 AC / 2,332 SF

Payment Calculator

$3,719 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$854

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 31 Holmes Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 99
  • Directions: Academy St to Holmes St.
  • Property Attached: No
  • Structure Type: false
  • Square Footage Source: Municipality
  • Lot Size Source: Other
  • State Or Province: NY
School Information
  • School District: Poughkeepsie
  • Elementary School District: Poughkeepsie
  • Elementary School: G W Krieger School
  • Middle Or Junior School District: Poughkeepsie
  • Middle Or Junior School: Poughkeepsie Middle School
  • High School District: Poughkeepsie
  • High School: Poughkeepsie High School
Unit Information
Unit 1 Information
  • Unit Type Unit Number: Unit_1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,000.00
Unit 2 Information
  • Unit Type Unit Number: Unit_2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,000.00
Unit 3 Information
  • Unit Type Unit Number: Unit_3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,000.00
Unit 4 Information
  • Unit Type Unit Number: Unit_4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 3
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,000.00
Unit Information
  • Building Units Total: 4
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 131300-6161-37-110745-0000
  • Tax Map Number: 131300-6161-37-110745-0000
  • Tax Assessed Value: $280,000.00
Interior and Exterior Features
Interior Features
  • Amenities: Public
  • Living Area: 2332.0
  • Living Area Units: Square Feet
  • Basement: Unfinished
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: On Street, Level
  • Elevation Certificate: No
  • Construction Materials: Brick,Frame
Lot Information
  • Lot Features: Level
  • Site Features: Level
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Steam
  • Heat Fuel Type: Natural Gas, Steam
  • Hot Water: Electric Stand Alone
  • Number Of Separate Gas Meters: 1
  • Garbage Removal: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 4
Green Features
  • Green Features: Natural Gas, Steam

Property History for 31 Holmes Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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31 Holmes Street is a multi-family home for sale in Poughkeepsie, NY 12601. This property was listed for sale on February 21, 2024 by Compass, it's currently listed at $525,000. It has been on the market for a total of 66 days and was last sold on July 1, 2022. This listing's school district is Poughkeepsie City School District. Nearby schools include Gov George Clinton School, Poughkeepsie Middle School and Poughkeepsie High School. 31 Holmes Street is a 4-bed, 4-bath, 2,332 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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