$ 624,900
-
$624,900
Price -
0.34
Acre
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About the Listing RLTYKA - 51901
Investment Opportunity – High Cash Flow Property in the Heart of Poughkeepsie Presenting 40 S. Hamilton Street, a rare opportunity to acquire a proven income-producing property in the City of Poughkeepsie. This property has been approved to be a three-story single-family home, veterans rooming house, or converted into a 4-unit multifamily property. Coin operated laundry also included in the basement. The property has demonstrated strong and consistent performance, strong cashflow potential with a motivated seller. Residents enjoy access to shared common areas including a communal kitchen, lounge, and hallway facilities on each floor, creating a practical and cost-effective housing solution for tenants. Situated on a generous lot, the property features a large rear driveway with ample off-street parking, a valuable amenity for both tenants and management. A substantial basement provides additional storage space and operational flexibility. Beyond its current performance, there are multiple avenues for future upside. The combination of potential, parking, storage, and future value-add makes this an attractive acquisition for both experienced and aspiring investors. Additionally, there is a small parking lot additional potential in the rear of the building. Whether you're looking to expand your portfolio with a stabilized asset or capitalize on redevelopment and repositioning opportunities, 40 S. Hamilton Street offers a compelling blend of cash flow, flexibility, and long-term potential in a growing rental market.
Listing Highlights for 40 S Hamilton St
Interior Details
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Full,Partially Finished,Storage Space
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $17,940
- Taxes w/Assessments: N/A
- Tax/Property ID: 131300-6161-22-162944-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
40 S Hamilton St Poughkeepsie, NY 12601
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