Ter Poughkeepsie, NY 12603

Property Details for Ter

Year built

1910

Property size

7,866 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity in Poughkeepsie, NY presents a portfolio of three multi-family buildings comprising a total of eight rental units. The property consists of one duplex and two triplexes, all situated on a single lot totaling 7,866 square feet. Each unit features a spacious layout, including a bright living room, an eat-in kitchen, and a full bathroom. A comprehensive renovation has been completed on the entire property, encompassing exterior improvements, updated utility systems, and interior renovations in six of the eight units. All units are separately metered for utilities, with tenants responsible for electricity, gas (heating, cooking, and hot water), and other individual utility costs. The landlord covers only common area lighting and water. Currently, all eight units are occupied under standard leases, generating a stable income stream. The property benefits from a central location providing easy access to local amenities, schools, and transportation. Security features include exterior lighting and security cameras on all buildings. Please note that interior access is currently very limited. This property is available for purchase as a complete package or individually. The asking price for the entire portfolio is $1,600,000.

Location Insight

City

Poughkeepsie

County

Dutchess County

State

New York

Longitude

-73.8792

Latitude

41.6819