13 N Hamilton St Poughkeepsie, NY 12601

Property Details for 13 N Hamilton St

Property size

3,200 SF

Property type

Dormitories

Property subtype

Student housing

Description

This exceptional four-unit multifamily property, located at 13 N Hamilton St in the Poughkeepsie, NY CBD, presents a compelling investment opportunity. The brick building boasts a total of 3,200 square feet and is currently 100% occupied, generating immediate cash flow. The property comprises two studio apartments, each approximately 650 square feet, and two one-bedroom, one-bathroom apartments, each approximately 950 square feet. All units have recently undergone renovations, featuring upgraded appliances, enhancing their appeal and rental potential. The asking price is $599,000, translating to a price per square foot of $187.19 and a price per unit of $149,750. Situated in Dutchess County, NY, zip code 12601, this Class B property offers a strong return on investment in a desirable location. The building's solid brick construction ensures durability and longevity, minimizing maintenance costs. This turnkey investment is ideal for both seasoned and aspiring real estate investors seeking a stable and profitable addition to their portfolio. The property's high occupancy rate and recent renovations minimize immediate capital expenditure needs, allowing for a swift and efficient transition into ownership. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a thriving urban center.