Single Family


49 Woodlawn Ave

Poughkeepsie, NY 12601

Turn Key Student Rental- Huge Porch, 5 Bedrooms, 2 Bathrooms

Strategically located on one of the best college blocks! A comfortable five-bedroom house with two full baths and  the added bonus of a huge wraparound front porch. In 2017, the fifth bedroom was added and the porch refinished. The property sits high on a corner lot with nice yard and paved driveway. The oversized detached garage is currently rented for added income as well.

This house is located within close proximity to four colleges in Poughkeepsie NY: 0.76 miles to Marist College, 0.81 miles to Dutchess County Community College, 1.67 miles to the Culinary Institute of America (CIA), 2.8 miles to Vassar College.

This student-rental ready house offers a good return on investment. 

See the accompanying 3D Fly-Thru tour.

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Property Details
Property TypeSingle Family
Lot Size0.17 Acres
Total Sq Ft1,758
Years Built1920
Years Renovated2012, 2017
Parking6 Spaces
Current OccupancyRented
(6/1/2019 - 5/31/2020)
Future OccupancyNo
Asking Price $230,000
NOI $27,279
Gross Income $37,200
Cap Rate 11.86%
Price / Bedroom $46,000
Price / Sq Ft $131
Earnest Money Deposit 20%
Due Diligence Period 60 Days
Closing Period 30 Days

Investment Highlights

Well maintained rental with many new upgrades to major structural components which includes:

  • New ground level 5th bedroom addition built in 2017
  • Refurbishment of front porch in 2017
  • New 50-gallon hot water tank installed in 2014
  • New gas boiler installed in October of 2015
  • Vinyl double pane windows throughout
  • Bathroom renovation in 2017
  • New kitchen appliances installed in 2013
  • New clothes washer/dryer installed in 2019
  • Tenants pay all utilities and currently are billed for water/sewer usage.
  • Hard wired interconnected smoke and carbon monoxide detectors installed throughout the house.
  • Updated 100-amp electrical service including new panels

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



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