12 Fox Terrace

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$302,000

4 Beds 2 Baths 2,024 Sq.Ft.

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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!

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Location

12 Fox Terrace, Poughkeepsie, NY 12603

Status

Sold

Gerard Smith

TITLE

Licensed Real Estate Salesperson

PHONE

(845) 490-9639

[email protected]

CONTACT AGENT

Property Amenities

Interior

Appliances Gas Water Heater

Total Bedrooms: 4

Full Bathrooms: 2

Area & Lot

Lot Area 3,485 Sq.Ft.

Living area 2,024 Sq.Ft.

MLS® ID H6285626

Year Built 1925

School District Poughkeepsie City

High School Poughkeepsie High School

Middle School Poughkeepsie Middle School

Elementary School Gov George Clinton School

Type Multi-Family

Status Sold

Exterior

Air conditioning None

Heat type Natural Gas, Radiant

Water Source Public

Sewer Public Sewer

Parking Driveway

Utilities Trash Collection Public

Finance

Sales Price $302,000

Real Estate Tax $6,336 yearly

Work With Me

To me, every relationship means so much more than a transaction. That's why I strive to build strong, lasting relationships with each and every client that goes beyond business. I understand what is at stake when finding your dream home, which is why we work closely with you every step of the way--making the otherwise overwhelming process completely stress-free.