89 S Cherry Street,Poughkeepsie, NY 12601
Poughkeepsie, NY 12601
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 HospitalsBuyers Choice:Own and occupy as landlord 2-Family passive income as investor3-Family w/ converted attic loft studio as builder6+Commercial as developer
Details
| MLS # | 874663 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 149 |
| Listing Provided By | Oxford Property Group USA | Latanya Frazier |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 5,016 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.23 |
| Property View | Park, Greenbelt |
Interior
| Cooling | Separate Meters, Wall/Window Unit(s) |
|---|---|
| Heating | Ducts, Forced Air, Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Formal Dining, Natural Woodwork, Original Details, Washer/Dryer Hookup |
| Window Features | Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, New Windows |
Exterior
| Exterior Features | Balcony, Rain Gutters |
|---|---|
| Security Features | Fire Alarm, Security Lights, Security System, Smoke Detector(s), Video Cameras |
| Construction Materials | Foam Insulation |
| Foundation Details | Stone |
| Lot Features | Back Yard, Front Yard, Level, Near Public Transit, Near School, Near Shops, Private, See Remarks |
| Fencing | Back Yard, Chain Link, Fenced, Perimeter |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, Oversized, Parking Lot, Private |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 435100 |
| Tax Annual Amount | 12582.3 |
Area Information
| State | NY |
|---|---|
| County | Dutchess County |
| City | Poughkeepsie |
| Zip Code | 12601 |
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Learn More About This Property
| State | NY |
|---|---|
| County | Dutchess County |
| City | Poughkeepsie |
| Zip Code | 12601 |
