//ppxinvest.com/img/no-image.png
6
Single Family

$255,000

17 E Cedar St

Poughkeepsie, NY 12601

Great College Rental Walking Distance to Marist College

Prime location! Charming house with evenly sized bedrooms. High ceilings and good sized rooms combine with bonus features of an enclosed front porch and a large private backyard. Occupants enjoy a stackable laundry unit and off-street parking. Tenants currently pay all utilities including water/sewer. 


This house is located within close proximity to four colleges in Poughkeepsie NY: 0.64 miles to Marist College, 0.90 miles to Dutchess County Community College, 1.8 miles to the Culinary Institute of America (CIA), 2.67 miles to Vassar College. This house is student-rental ready and offers a good return on investment. House is fully rented through May 2019.

See the accompanying 3D Fly-Thru tour.

Download Property Card

Property Details
Property TypeSingle Family
Beds4
Baths1.0
Buildings2
Stories2
Lot Size0.22 Acres
Total Sq Ft1,040
ZoningR20
Years Built1920
Years Renovated2014
Parking4 Spaces
SBL6162/10/257738
OwnershipLLC/Corp
Current OccupancyRented
(12/1/2017 - 5/31/2018)
Future OccupancyRented
(6/1/2018 - 5/31/2019)
Financials
Asking Price $255,000
NOI $21,560
Cap Rate 8.45%
Price / Bedroom $63,750
Price / Sq Ft $245
Earnest Money Deposit 20%
Due Diligence Period 60 Days
Closing Period 30 Days

Investment Highlights

Well maintained rental with many upgrades over the last 5 years, including:

  •  New boiler and chimney liner installed in 2012
  • Vinyl double pane windows throughout house
  • New dishwasher and stove installed in 2018 
  • New clothes washer/ dryer installed in 2013 
  • New Siding and shutters installed on house in 2013 
  • Hardwired smoke and CO2 detectors,100-amp electrical panel


Tenants pay all utilities and currently are billed for water/sewer usage. 

House includes the following appliances: refrigerator, electric stove/oven, dishwasher, clothes washer and dryer.


Photos

Contact


The ppx website ("ppx" or "perch'n property manager" or "perchn/ppx.com") contains confidential information involving the financial and physical condition of investment properties. In order that I may be privy to the confidential disclosures on the ppx website, I enter into this Confidentiality Agreement as a User of the ppx website.

In consideration of the foregoing, I agree to hold all such confidential information disclosed on ppx in confidence and not to disclose such confidential information to anyone other than my employees or agents with a bona fide need to know, provided such employees or agents are governed by a parallel confidentiality obligation of equal or greater force. Additionally, I agree to use at least that degree of care that I would use to protect my own information of a similar confidential nature, but in no event less than reasonable protection. Excluded from such confidential information is information which, as proven by me by clear and convincing evidence, was in my possession without confidential limitation prior to disclosure, is known or becomes known to the general public without breach of this Agreement, is received rightfully by me without confidentiality limitations from a third party, or is disclosed publicly by ppx without substantially similar confidentiality restrictions. This confidentiality obligation is to survive the termination of this Agreement.