11 Franklin Street, Poughkeepsie, NY

About 11 Franklin Street

Attention all investors and owner-occupiers! Discover this well-maintained 4-family home, ideally situated just one block from Vassar Brothers Medical Center. Spanning over 5,500 square feet, this property features four spacious 2-bedroom, 1-bath units, each with separate utilities for gas, heat, and hot water—ensuring convenience and efficiency. With newer gas furnaces in place, you’ll enjoy peace of mind as well as reduced maintenance costs. Step inside to discover charming touches like a stained glass window, original trim molding, and hardwood floors in the living room and bedrooms. Most windows have been replaced. One unit has been beautifully renovated with a modern eat-in kitchen, quartz countertops, vinyl flooring, and stainless steel appliances, along with a new bathroom. The other units are ready to shine with some light updating. Enjoy front and back door access and staircases, two inviting covered porches, a driveway for parking, and a backyard that can also serve as additional parking. The spacious walk-up attic holds fantastic potential for future expansion, opening up even more possibilities for value enhancement, as well as a full basement. Current tenants enjoy low rents that are not reflective of the current market, paving the way for substantial projected income. With a prime location close to Route 9, Metro North, public transportation, shopping, local eateries, and the breathtaking outdoor offerings of the Hudson Valley, this is an exceptional investment opportunity waiting for you. Seize the opportunity to elevate your portfolio today! The owner will consider holding the mortgage with a well-qualified purchaser.

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