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575 Creek Rd - Poughkeepsie MHP 20 Unit Apartment Building Offered at $1,572,829 at a 7% Cap Rate Poughkeepsie, NY 12601
EXECUTIVE SUMMARY
Now presenting Creek Mark MHP- a 21 lot Mobile Home Park located in Dutchess County. This property sits on 2.4 Acres and is a clean beautifully kept community.
This property has a well and septic. This property is a gorgeous part of the neighborhood, with paved roads and all beautiful homes.
Dutchess County is full of rich history with FDR's home, Vanderbilt Mansion, and Val-Kill; iconic outdoor spots like the Walkway Over the Hudson and Poet's Walk; world-class culinary arts at the Culinary Institute of America; diverse arts and culture (Bardavon Opera House, Vassar Art Center); farm- to-table experiences at markets and wineries; and scenic beauty with parks, gardens, and the Hudson River offering boating, hiking (Appalachian Trail), and more. Dutchess County's proximity to NYC is a recipe for success, with a high demand for housing.
This property has a well and septic. This property is a gorgeous part of the neighborhood, with paved roads and all beautiful homes.
Dutchess County is full of rich history with FDR's home, Vanderbilt Mansion, and Val-Kill; iconic outdoor spots like the Walkway Over the Hudson and Poet's Walk; world-class culinary arts at the Culinary Institute of America; diverse arts and culture (Bardavon Opera House, Vassar Art Center); farm- to-table experiences at markets and wineries; and scenic beauty with parks, gardens, and the Hudson River offering boating, hiking (Appalachian Trail), and more. Dutchess County's proximity to NYC is a recipe for success, with a high demand for housing.
PROPERTY FACTS
| Price | $1,572,829 | Property Type | Multifamily |
| Price Per Unit | $78,641 | Lot Size | 2.40 AC |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7% | No. Stories | 1 |
| Gross Rent Multiplier | 8.05 | Year Built | 1962 |
| No. Units | 20 |
| Price | $1,572,829 |
| Price Per Unit | $78,641 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 8.05 |
| No. Units | 20 |
| Property Type | Multifamily |
| Lot Size | 2.40 AC |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
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575 Creek Rd - Poughkeepsie MHP
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