NOT LISTED FOR SALE

12 Fox Terrace Poughkeepsie, NY 12603

Estimated Value: $290,000 - $359,000

4 Beds
2 Baths
2,024 Sq Ft
$156/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $302,000 $149 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,291/month

88 Days on Market

About This Home

As of June 2024

8.2 CAP RATE!!! Welcome to an exceptional investment opportunity in the heart of Poughkeepsie, New York! This well maintained, fully rented two-family property features spacious 2-bedroom/1-bathroom units ensuring immediate passive income generation. Below market rents and value add opportunity provides for a conservative 8.2 pro forma cap rate. This property promises an attractive return on investment! Conveniently located near schools and public transportation, in a resilient and growing real estate market, Poughkeepsie offers the ideal setting for this income-generating gem. With a strong rental demand, this property is a must-consider for investors seeking long-term appreciation and consistent rental income. Don't miss out on this golden opportunity schedule a viewing today and secure your place in the thriving Poughkeepsie market!

Last Agent to Sell the Property

Curtis Darragh

Legacy Land & Homes LLC Brokerage Phone: (845) 206-9462 License #10491202162 Listed on: 01/20/2024

Last Buyer's Agent

GERARD SMITH

Serhant LLC License #10401353939

Serhant LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,336

Year Built

  • Built in 1925

Lot Details

  • 3,485 Sq Ft Lot
  • No Common Walls

Parking

  • Driveway

Interior Spaces

  • 2,024 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Gov George Clinton Elementary School
  • Poughkeepsie Middle School
  • Poughkeepsie High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 131300-6161-31-367856-0000

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,336

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: (845) 206-9462
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Partial
  • Total Bedrooms: 4
  • Living Area: 2024
  • SquareFootage: 2024.00
  • SquareFootageSource: Municipality

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Poughkeepsie Middle School

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3485
  • Lot Size Units: Acres
  • Parcel Number: 131300-6161-31-367856-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 2

Tax Info

  • Tax Annual Amount: 6336
  • Tax Map Number: 131300-6161-31-367856-0000
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Gov George Clinton School
  • High School: Poughkeepsie High School
  • Middle School District: Poughkeepsie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2024
Closed on
Jun 24, 2024
Sold by
12 Fox Terrace Llc
Bought by
Osorio Orlando
Seller's Agent
Curtis Darragh
Legacy Land & Homes LLC
Buyer's Agent
GERARD SMITH
Serhant LLC
List Price
$300,000
Sold Price
$302,000
Premium/Discount to List
$2,000
0.67%
Views
106
Current Estimated Value
$315,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,947
Avg. Annual Appreciation
3.93%
Original Mortgage
$226,500
Outstanding Balance
$224,010
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$91,937

Purchase Details

Closed on
Dec 12, 2019
Sold by
Marmol Ulises and Moobl Samantha
Bought by
12 Fox Terrace Llc

Purchase Details

Closed on
Mar 16, 2018
Sold by
Lincoln Frankiln Properties Inc
Bought by
Marmol Ulises and Moore Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.44%

Purchase Details

Closed on
May 22, 2009
Sold by
Shannon Pamela
Bought by
Lincoln Franklin Properties Inc

Purchase Details

Closed on
Apr 10, 2006
Sold by
Bent-Mutz Arlene
Bought by
Shannon Pamela
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Osorio Orlando $302,000 Misc Company
12 Fox Terrace Llc -- None Available
12 Fox Terrace Llc -- None Available
Marmol Ulises -- --
Lincoln Franklin Properties Inc $106,644 Stephen Christian
Lincoln Franklin Properties Inc $106,644 Stephen Christian
Shannon Pamela $238,500 Harold Tevelowitz
Shannon Pamela $238,500 Harold Tevelowitz
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osorio Orlando $226,500
Previous Owner 12 Fox Ter Llc $113,220
Previous Owner Marmol Ulises $99,000
Previous Owner Marmol Ulises --
Previous Owner Marmol Ulises A $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $302,000 +0.7% $149 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $300,000 -0.7% $148 / Sq Ft
03/04/2024 03/04/24 Off Market $302,000 -- --
01/20/2024 01/20/24 For Sale $300,000 -- $148 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,867 $291,800 $59,400 $232,400
2023 $6,867 $275,300 $59,400 $215,900
2022 $5,794 $229,400 $54,000 $175,400
2021 $5,635 $189,600 $54,000 $135,600
2020 $5,051 $158,000 $54,000 $104,000
2019 $4,890 $143,600 $54,000 $89,600
2018 $5,264 $136,800 $54,000 $82,800
2017 $4,434 $130,300 $54,000 $76,300
2016 $4,376 $130,300 $54,000 $76,300
2015 -- $130,300 $54,000 $76,300
2014 -- $130,300 $54,000 $76,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6285626

OneKey® MLS

APN: 131300-6161-31-367856-0000