20 Spring StreetWappingers Falls, NY 12590

Description

Excellent Three-Family Investment Opportunity in the Village of Wappingers Falls Well-maintained excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. The property features three separate apartments, including two spacious two-bedroom units and one one-bedroom unit, providing a desirable mix of rental options. Each apartment benefits from separate gas and electric utilities, helping keep operating expenses manageable and making the property particularly attractive from an investment standpoint. The property also offers ample off-street parking in the rear, an important amenity for tenants and a valuable feature in a village setting. The building has seen many recent improvements, providing a solid foundation for a new owner while offering the opportunity to continue enhancing the property over time. With three income-producing units, separate utilities, and convenient parking, this property offers the fundamentals that investors look for in a multi-family investment. For the owner-occupant, this property presents an especially attractive opportunity: live in one apartment while the rental income from the other two units helps offset your mortgage and ownership expenses. It can be an ideal way to get started in multi-family ownership while having the potential to build long-term equity. Conveniently located just minutes from major commuting routes, shopping, restaurants, local amenities, and Metro-North transportation, making it appealing to tenants who commute throughout the Hudson Valley and beyond. The Village of Wappingers Falls offers a convenient location with easy access to surrounding communities and employment centers. Whether you're an experienced investor looking to add another income-producing property to your portfolio or a first-time buyer seeking an owner-occupied investment, this versatile three-family property is worth a closer look. Three units • Two 2-bedroom apartments • One 1-bedroom apartment • Separate gas & electric • Ample rear parking • Numerous recent improvements • Convenient commuter location • Excellent investment or owner-occupant opportunity

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1850

Lot size

0.19 acres

Parking spaces

6

Days on market

9

MLS^® Listing#

1046507

Property Features

Interior

Storage

Cooling

None

Heating

Baseboard · Natural Gas

Basement

Unfinished

Parking

Off Street · Shared Driveway

Construction

Vinyl Siding

Utilities

Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

James S Evans Elementary School

Middle

Wappingers Junior High School

High

Roy C Ketcham Senior High Sch

Financial Details

Annual taxes

$14,550

Assessed value

$505,600

Parcel number

135601-6158-14-378322-0000

Directions

Rt 9 north to left onto E Main St to right onto Spring St. Home on right. Sign on.