40 S Hamilton Street
Poughkeepsie, NY 12601
5286 sqft | 9 beds | 8 baths | 0.34 acres | #840027
Description
BEAUTIFUL, HISTORIC POUGHKEEPSIE BUILDING CURRENTLY BEING UTILIZED AS AN SRO PROVIDING UNIQUE OPPORTUNITY FOR FUTURE INVESTMENT ENHANCEMENT.
A rare opportunity to own a SRO in downtown Poughkeepsie, offering 9 units, including 9 bedrooms, 7 full bathrooms, and 2 half bathrooms. The property features a large shared kitchen, formal dining and living rooms, and a management office. Recent upgrades include a brand-new sprinkler system, updated electrical and plumbing, and coin-operated laundry generating $3,500 annually. With a parking lot at the rear of the property offering space for up to 5 cars with ample opportunity, there is additional income potential.
Currently generating $97,000 annually in rental income, this property is steps from Metro North, shopping, and major transport hubs. Sold as-is, with the potential for value growth with a little TLC. Perfect for investors seeking a high-cash-flow asset in a prime location. Schedule your showing today!
Property Details
- InteriorBeamed Ceilings, Built-in Features, Entrance Foyer, Formal Dining, High Ceilings, Primary Bathroom, Washer/Dryer Hookup
- AppliancesDishwasher, Dryer, Gas Cooktop, Microwave, Refrigerator, Washer
- Middle SchoolPoughkeepsie Middle School
- Parcel Number131300-6161-22-162944-0000
- High SchoolPoughkeepsie High School
- Utility FeaturesTrash Collection Public
- Property SubtypeSingle Family Residence
- Parking FeaturesDriveway, On Street
- Elementary SchoolG W Krieger School
- School DistrictPoughkeepsie City
- FoundationPillar/Post/Pier
- CountyDutchess County
- Sewer InformationPublic Sewer
- Parking TypeDriveway
- Property TypePurchase
- Original List Price$749,999
- HeatingRadiant
- Taxes Annual$16,585
- Utility SourcePublic
- MLS #840027
- Cost749999
- MLS #840027
- Acres0.34
- Square Feet5286
- Year Built1891
- Days on Market (Cumulative)22
- Bedrooms9
- Bathrooms8
- Full Baths7
- Half Baths2
- Basement1
Location
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Last Updated: . Source: ONEKEY
Listing Courtesy
Listing Agent: Sammy Vivace (#KEY346569)
Listing Office: The Select Team, LLC (#KEYARBALI)
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