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5
Single Family

$200,000

48 Lake St

Poughkeepsie, NY 12601

Turn-Key Student Rental

Long time well maintained student rental with big living room and plenty of closet space throughout. Recent updates to mechanicals with energy efficient appliances. Close proximity to Marist college (Students can walk to campus). Also very close to Mid Hudson Regional Hospital, CIA, DCC, and Vasser college. 

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Property Details
Property TypeSingle Family
Beds4
Baths2.0
Buildings1
Stories2
Lot Size0.17 Acres
Total Sq Ft1,280
ZoningR20
Years Built1900
Parking4 Spaces
SBL6162/06/264761
OwnershipSole proprietor
Current OccupancyRented
(6/1/2017 - 5/25/2018)
Future OccupancyRented
(6/1/2018 - 5/25/2019)
Financials
Asking Price $200,000
NOI $18,000
Cap Rate 9.00%
Price / Bedroom $50,000
Price / Sq Ft $156
Earnest Money Deposit 10%
Due Diligence Period 60 Days
Closing Period 30 Days

Investment Highlights

  • New roof
  • New natural gas heat and hot water
  • Hard wood floors throughout the house- recently refinished
  • Huge closets
  • Updated electric

Photos

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