$624,900

Investment Opportunity – High Cash Flow Property in the Heart of Poughkeepsie Presenting 40 S. Hamilton Street, a rare opportunity to acquire a proven income-producing property in the City of Poughkeepsie. This property has been approved to be a three-story single-family home, veterans rooming house, or converted into a 4-unit multifamily property. Coin operated laundry also included in the basement. The property has demonstrated strong and consistent performance, strong cashflow potential with a motivated seller. Residents enjoy access to shared common areas including a communal kitchen, lounge, and hallway facilities on each floor, creating a practical and cost-effective housing solution for tenants. Situated on a generous lot, the property features a large rear driveway with ample off-street parking, a valuable amenity for both tenants and management. A substantial basement provides additional storage space and operational flexibility. Beyond its current performance, there are multiple avenues for future upside. The combination of potential, parking, storage, and future value-add makes this an attractive acquisition for both experienced and aspiring investors. Additionally, there is a small parking lot additional potential in the rear of the building. Whether you're looking to expand your portfolio with a stabilized asset or capitalize on redevelopment and repositioning opportunities, 40 S. Hamilton Street offers a compelling blend of cash flow, flexibility, and long-term potential in a growing rental market.