1 Park Place, Poughkeepsie, NY 12601

$500,000
4
BD
2
BA

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List Price
$500,000
Status
ACTIVE
Days on Market
12
MLS#
1022089
Subtype
Residential Income
Year Built
1910
Bedrooms
4
Bathrooms
2
Full Baths
2
Lot Size
2,614
Acres
0.06
Neighborhood
Poughkeepsie

Property Description

Turnkey Investment Opportunity! This 2-family home is fully occupied and generating $52,800 annually. It will provide reliable cash flow from day one. Included in the sale is the lot next door (3 Park Place, 131300-6162-71-320192-0000). Leased solar panels were installed in 2022 to keep electricity costs to the bare minimum of $60/month. Separate natural gas meters allow tenants to pay, which saves on the owner's monthly cost. The roof was replaced in 2022 when the panels were installed. Each unit offers 2 bedrooms, 1 bath, large kitchen, dining room, living room, and unit 2 has a den/office that leads to the balcony. With a shared washer and dryer, basement storage, plenty of parking, and a convenient location close to shopping, dining, schools, and major commuter routes, this property is designed for both tenant appeal and long-term value.

Additional Information

Interior Features
Open Floorplan, Pantry
Taxes
$7,350
Heating
Forced Air
Air Conditioning
Wall/Window Unit(s)
Parking
Off Street, Oversized, Private
Parking Features
Off Street, Oversized, Private
School District
Poughkeepsie City
Elementary School
Morse Young Magnet School
Middle School
Poughkeepsie Middle School
High School
Poughkeepsie High School

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kevin Daly (kdaly.remax@gmail.com) from Listing Office: RE/MAX Town & Country.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.