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High-yield 3-unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - Ask About Our 9 Door Package Deal With This Property. Investors, Take Advantage Of This Prime Multi-family Opportunity At 58 Lincoln Avenue, Poughkeepsie, Ny 12601. This 3-unit Property Features Three Spacious 3-bedroom Apartments, Currently Generating $57, 000 In Gross Annual Income With A 7.53% Cap Rate. With Below-market Rents, This Property Offers Immediate Upside Potential, Reaching A 9.61% Pro Forma Cap Rate When Adjusted To Current Market Levels. Situated Within Walking Distance To Vassar Brothers Medical Center, This Location Provides A Steady Tenant Pool, Making It An Attractive And Reliable Income-producing Asset. The Property’s Spacious Units Appeal To Professionals, Families, And Students, Ensuring Long-term Rental Demand. Whether You're Looking To Expand Your Portfolio Or Secure A High-demand Rental Property In A Growing Market, 58 Lincoln Avenue Offers Immediate Cash Flow With Strong Future Returns. Schedule A Private Tour Today And Capitalize On This Income-generating Investment!
| Location/Town | Poughkeepsie |
| Area/County | Dutchess County |
| Prop. Type | Single Family House for Sale |
| Tax | $8,973.00 |
| Bedrooms | 9 |
| Total Baths | 3 |
| Full Baths | 3 |
| Year Built | 1900 |
| Basement | Unfinished |
| Construction | Frame |
| Total Units | 3 |
| Lot SqFt | 3,485 |
| Cooling | None |
| Heat Source | Natural Gas, Other |
| Util Incl | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Days On Market | 217 |
| Tax Assessed Value | 370300 |
| Units | 3 |
| School District | Poughkeepsie City |
| Features | Other |
| Listing information courtesy of: Legacy Land & Homes LLC | |