Single Family


43 Lake Street

Poughkeepsie, NY 12601

Established Turn Key Student Rental Property Surrounded by 4 Colleges!

Established, Renovated student rental property 1/2 mile to Marist College and close to SUNY Dutchess, Culinary Institute of America, and Vassar College. Great time to buy in advance of the next student rental season! Great location in the Town of Poughkeepsie and in Hyde Park school district. Upgrades as follows:

  • Lower Level: New living room, bedroom, full bathroom, plumbing, electric, doors and windows, LED high hat lights, new washer and dryer.
  • New mechanicals: Natural gas heat, new hot water heater, new central air conditioning system, new ejector pump, new radon mitigation system.
  • Main Level: New Appliances – Refrigerator, stove, microwave
  • New windows
  • Bathroom – new vanity, toilet, and floor tile
  • New R38 insulation in the whole attic
  • New plywood installed for attic storage
  • Brand new roof installed April 2019 (full tear off)
  • New steps installed (composite material for longevity)
  • New driveway installed on the right side of house
  • Tenants pay all utilities.
  • Extremely easy to manage and maintenance costs are low. Contact us today!

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Property Details
Property TypeSingle Family
Lot Size0.45 Acres
Total Sq Ft1,167
Years Built1930
Years Renovated2015
Parking4 Spaces
Current OccupancyNo
Future OccupancyNo
Floor PlanDownload
Asking Price $260,000
NOI $17,000
Gross Income $26,400
Cap Rate 6.54%
Price / Bedroom $65,000
Price / Sq Ft $223
Earnest Money Deposit 10%
Due Diligence Period 30 Days
Closing Period 60 Days

Investment Highlights

  • Brand new roof April 2019
  • New R38 insulation installed 2019
  • New Plumbing in 2015
  • New natural gas heating system 2015
  • New central air conditioning system 2015
  • New hot water tank 2015
  • New ejector pump installed 2018
  • New radon mitigation system installed 2015
  • New kitchen appliances installed 2015




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