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Investment Property!
Last buyer defaulted on final payment and now it's your opportunity
to purchase. 4 Unit apartment in Poughkeepsie. 9
bedrooms, 4 full baths, 2,536+/- square feet. Built in 1920, 0.23+/- acres.
Vibrant Poughkeepsie location offering a historic sites,
restaurants, and recreational opportunities.
First floor
Unit #1; Office/bedroom area, full bathroom and kitchen.
First floor
Unit #2; 2 bedrooms, kitchen, full bathroom.
Second floor
Unit #3; 3
bedrooms, kitchen and full bathroom.
Third floor
Unit #4; 3
bedrooms, kitchen and full bathroom.
Property is currently vacant.
Rent all for cash flow or
live in one unit and rent the other for income to pay mortgage and
taxes.
Public water and sewer, oil heat.
Electric recently updated and currently turned on first floor only.
5 meters total; 4 units and 1 landlord meter. Radiator units on 2nd
and 3rd floor removed and need to be replaced. Property does not have current CO due to lack of mandatory 3 year inspections and it is in need of repairs. Property is ready for
your additions.
Slab in back
for garage could be rebuilt for additional income. Nice back yard
with lawn and berry bushes. Grass driveway on left side leads to parking area with
access to back door/basement.
Within walking
distance to Walkway Over the Hudson and College Hill Park. City of Poughkeepsie School District. Current total
taxes $10,086.
Agents please verify. Tax ID#: 131300-6162-63-275350-0000
Showing: To be determined.
Contact Agent, Jessica Meyer Booth 845-616-5682
Pre-auction offers are welcomed.
Broker Participation offered. Click
here for form.
It's
Easy to Bid!
1) Get a Username & Password at AARauctions.com
2) Register for the Online Only Auction
3) Complete Internet Bidding Packet via DocuSign link and you can
participate.
ANNOTATED TERMS OF AUCTION:
We have been contracted to sell this property at Public Auction. Get a Username
& Password at AARauctions.com, register for the Online-only Auction and
complete our ‘Internet Bidding Packet’ containing the ‘Terms and Conditions’
and a $5,000 Guaranteed Funds/Bank check payable to: Absolute Auctions &
Realty, Inc. Mail to: AAR, POB 1739, Pleasant Valley, NY 12569 – no exceptions,
and you can participate. Credit Card Authorization Form in lieu of $5,00 bank
check/Guaranteed funds within Internet Bidding Packet. Complete your due diligence prior to bidding.
If successful, an electronic “Contract for Purchase and Sale NY Real Estate”
will be sent to you, sign contract, return by 4PM day after auction. 10% Buyer's
Premium. Close transaction on or before January 24, 2021. Time is of the essence.
Deposit will be refunded to unsuccessful bidders.
Title & Liens: Property is sold
with insurable title, free and clear of adverse liens or
encumbrances at closing.
Bidding Notes: The silent auction website has a
“dynamic ending” feature; if someone “sniper bids” on a lot at the
scheduled end of the auction, the system will extend the bidding
clock two minutes to give everyone time to bid again. |
