1 Park PlacePoughkeepsie, NY 12601

Description

Great Investment Opportunity! This 2-family home has one leased unit and one vacant. Live in one unit and use the rent to help with expenses or rent out both units for maximum income. It has been generating $52,800 annually. Included in the sale is the lot next door (3 Park Place, 131300-6162-71-320192-0000). Solar panels will be paid off by seller at closing. Solar panels were installed in 2022 and 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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1910

Building area

2,500 Sq Ft

Lot size

0.06 acres

Days on market

87

MLS^® Listing#

1022089

Property Features

Interior

Open Floorplan · Pantry

Cooling

Wall/Window Unit(s)

Heating

Forced Air

Basement

Full · Storage Space · Unfinished

Parking

Off Street · Oversized · Private

Laundry

In Basement

Construction

Vinyl Siding

Utilities

Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Morse Young Magnet School

Middle

Poughkeepsie Middle School

High

Poughkeepsie High School

Financial Details

Annual taxes

$7,350

Assessed value

$306,200

Parcel number

131300-6162-71-319186-0000