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Kerri F. Stretch

kerristretchteam@gmail.com +1(845) 546-4123

$ 479,999

Est. payment -/mo

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89 S Cherry ST Poughkeepsie, NY 12601

6 Beds

2 Baths

10,018 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 874663

Bedrooms 6

Full Baths 2

Rental Info No

Year Built 1920

Annual Tax Amount $12,582

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 78'x137'x78'x123'

Property Sub-Type Duplex

Source onekey2

Property Description

PRIME 2-FAMILY INVESTMENT offers a Epic Opportunity for passive income or leverage into commercial. This 2-Family investment opportunity is sited on a huge double lot just shy of a quarter of an acre on the south side of Poughkeepsie. Perfect for the Owner Investor who lives in one unit while the rental income pays your mortgage. Unique property features that add value include private off street oversized parking lot for 8+ cars behind the home; private recessed driveway with gate on the left side of the Duplex could qualify for college housing and 12' privacy evergreens with rare XL yard and additional green space behind the parking lot awaiting your vision of a greenhouse, hobby shed or additional parking spaces. This 6 bedroom 2 full bathrooms 2 kitchens 2508SF of living space, 1254SF of rentable attic non-living storage space. Total approximate square footage 5,016SF Easy conversion to 3-family passive income by converting attic into Studio/Loft or LEVERAGE into COMMERCIAL by expanding the building footprint constructing an addition onto the left side of the building adding more units (studios)The proposed expansion could be contained within the green buildable lot utilizing the pre-existing front and rear building envelope which would not interfere with the rear parking lot. Perfect for the builder or developer looking for land with built in infrastructure. Infinite options to GO BIG you won't regret adding this workhorse to your portfolio. Municipal gas water and sewer. Hardwood floors, 2019 new fence, 2018 new windows & attic insulation 2024 Taxes $12,582. Apartment A 4Bed/1Bath Apartment w/front porch; Apt B 2Bed/1Bath w/ front balcony sunroom 1254SF. Full walk up Attic/Loft/Studio 1254SF if rentable storage space Full walk out Basement with side entry door 1254SF has electric dryer hook up new mechanicals electric panels in 2015 Cute cherry blossom tree lined Street. Unlimited potential with something for everyone so don't miss out FIRST TIME HOMEBUYERS as this homestead could seed your retirement fund! Highest and best use commercial redevelopment. Close to Rt#9, Hudson Valley Historical Attractions, Recreational Amenities, Culinary & Distillery Experiences, Vassar, Marist College and two Hospitals
Buyers Choice:
Own and occupy as landlord
2-Family passive income as investor
3-Family w/ converted attic loft studio as builder
6+Commercial as developer

Location

State NY

County Dutchess County

Rooms

Basement Full, Storage Space, Walk-Out Access

Interior

Interior Features First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Formal Dining, Natural Woodwork, Original Details, Washer/Dryer Hookup

Heating Ducts, Forced Air, Natural Gas

Cooling Separate Meters, Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Exterior Feature Balcony, Rain Gutters

Parking Features Driveway, Oversized, Parking Lot, Private

Fence Back Yard, Chain Link, Fenced, Perimeter

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected

View Park/Greenbelt

Garage false

Private Pool No

Building

Lot Description Back Yard, Front Yard, Level, Near Public Transit, Near School, Near Shops, Private, See Remarks

Foundation Stone

Sewer Public Sewer

Water Public

Structure Type Foam Insulation

Others

Senior Community No

Special Listing Condition None

Listed by Oxford Property Group USA

Kerri F. Stretch

Agent

+1(845) 546-4123

Kerri F. Stretch

89 S Cherry ST Poughkeepsie, NY 12601

Key Details

Location

Rooms

Interior

Exterior

Building

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89 S Cherry ST