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Single Family

$340,000

16 West Cedar Street

Poughkeepsie, NY 12601

Long Time Marist College Rental

5 bedroom rental walking distance to Marist college. One of the best blocks in the best college neighborhoods (Fairview). Close to Marist College, Culinary Institute of America, Dutchess Community College, and not a few miles from Vasser College. Great investment property that gives a healthy return on investment. Buy a solid investment in a growing college community while you can!

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Property Details
Property TypeSingle Family
Beds5
Baths1.0
Buildings2
Stories2
Lot Size0.20 Acres
Total Sq Ft1,364
ZoningR20
Years Built1920
Parking5 Spaces
SBL6162/09/177692
OwnershipLLC/Corp
Current OccupancyRented
(6/1/2017 - 5/31/2018)
Future OccupancyRented
(6/1/2018 - 5/31/2019)
Financials
Asking Price $340,000
NOI $34,000
Cap Rate 10.00%
Price / Bedroom $68,000
Price / Sq Ft $249
Earnest Money Deposit 10%
Due Diligence Period 60 Days
Closing Period 30 Days

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