40 S Hamilton ST Poughkeepsie, NY 12601
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1017698
Rental Info No
Year Built 1890
Annual Tax Amount $17,939
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Multi Family
Source onekey2
Property Description
Presenting 40 S. Hamilton Street, a rare opportunity to acquire a proven income-producing property in the City of Poughkeepsie. This property has been approved to be a three-story single-family home, veterans rooming house, or converted into a 4-unit multifamily property. Coin operated laundry also included in the basement. The property has demonstrated strong and consistent performance, strong cashflow potential with a motivated seller.
Residents enjoy access to shared common areas including a communal kitchen, lounge, and hallway facilities on each floor, creating a practical and cost-effective housing solution for tenants.
Situated on a generous lot, the property features a large rear driveway with ample off-street parking, a valuable amenity for both tenants and management. A substantial basement provides additional storage space and operational flexibility.
Beyond its current performance, there are multiple avenues for future upside. The combination of potential, parking, storage, and future value-add makes this an attractive acquisition for both experienced and aspiring investors. Additionally, there is a small parking lot additional potential in the rear of the building.
Whether you're looking to expand your portfolio with a stabilized asset or capitalize on redevelopment and repositioning opportunities, 40 S. Hamilton Street offers a compelling blend of cash flow, flexibility, and long-term potential in a growing rental market.
Location
State NY
County Dutchess County
Rooms
Basement Full, Partially Finished, Storage Space
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Available, Electricity Available, Trash Collection Public, Water Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Gov George Clinton School
Middle Schools Poughkeepsie Middle School
High Schools Poughkeepsie City
School District Poughkeepsie City
Others
Special Listing Condition None
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Broker Associate NY Associate Real Estate Broker 10301224906