Home Details for 10 Eastman Terrace

Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request.

• Parking

  • Driveway
  • Off Street
  • Parking Lot

• Basement

  • Finished
  • Full
  • Walk-Out Access

• Heating Information

  • Baseboard
  • Natural Gas

• Utilities

  • Natural Gas Available
  • Natural Gas Connected

• Cooling Information

  • None

• Water Features

  • Public