10 Eastman Terrace, Poughkeepsie, NY 12601
sale
$950,000
|
Other
Courtesy Of Serhant LLC
Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Brick
- Floors: 4
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 1030135
- Rooms: Basement
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