761 Main Street, Poughkeepsie, NY 12603

8,632 sqft

Commercial Property
Built in 1920
6,098sqft lot
—— car garage
$98/sqft
Listed 3 months ago

Property Description

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!

Listing Status:: Active
Listing Office:: Legacy Land & Homes LLC : 845-206-9462
MLS ID:: 836843

Basement: Unfinished
A/C: None
Heating: Hot Water

This listing courtesy of Legacy Land & Homes LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Arthur S. May School

601 Dutchess Tpke, Poughkeepsie, NY, 12603

Grades KG-5

0.47 miles away

LaGrange Middle School

110 Stringham Rd, Lagrangeville, NY, 12540

Grades 6-8

6.15 miles away

Arlington High School

1157 Route 55, Lagrangeville, NY, 12540

Grades 9-12

5.75 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.