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58 Lincoln Ave Poughkeepsie, NY 12601

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For Sale
Pending
$525,000

High-yield 3-unit property near Vassar Brothers Medical Center.

Lot size:
0.08 Acres

Property Features for 58 Lincoln Ave

General Information

Property type
Investment
Standard status
Pending
Lot size
0.08 Acres

Building Details

Year built
1900

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Listing Contact
Ericka N. Moorer
Source: Elliman

Listing Agent: Ericka N. Moorer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Poughkeepsie Multi-Family Investment Opportunity

This 3-unit property at 58 Lincoln Avenue, Poughkeepsie, NY 12601, presents a multi-family investment opportunity. The property features three 3-bedroom apartments. Currently, the property generates $57,000 in gross annual income with a 7.53% cap rate. The property offers 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, the location provides access to a tenant pool. The spacious units appeal to professionals, families, and students, ensuring rental demand. This property offers cash flow with future returns.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Poughkeepsie
County
Dutchess
State
New York
Longitude
-73.9336596
Latitude
41.6949487

FAQs

What type of property is this?
Triplex - High-yield 3-unit property near Vassar Brothers Medical Center.
Where is this triplex located?
The property is located at 58 Lincoln Ave Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: - High-yield investment property with a **7.53% cap rate** and potential for a **9.61% pro forma cap rate**.; - Generates $57,000 in gross annual income.; - Three spacious 3-bedroom apartments.
More about this property
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