20 Spring Street,Wappingers Falls, NY 12590
Wappingers Falls, NY 12590
Description
Excellent Three-Family Investment Opportunity in the Village of Wappingers FallsWell-maintained excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. The property features three separate apartments, including two spacious two-bedroom units and one one-bedroom unit, providing a desirable mix of rental options.Each apartment benefits from separate gas and electric utilities, helping keep operating expenses manageable and making the property particularly attractive from an investment standpoint. The property also offers ample off-street parking in the rear, an important amenity for tenants and a valuable feature in a village setting.The building has seen many recent improvements, providing a solid foundation for a new owner while offering the opportunity to continue enhancing the property over time. With three income-producing units, separate utilities, and convenient parking, this property offers the fundamentals that investors look for in a multi-family investment.For the owner-occupant, this property presents an especially attractive opportunity: live in one apartment while the rental income from the other two units helps offset your mortgage and ownership expenses. It can be an ideal way to get started in multi-family ownership while having the potential to build long-term equity.Conveniently located just minutes from major commuting routes, shopping, restaurants, local amenities, and Metro-North transportation, making it appealing to tenants who commute throughout the Hudson Valley and beyond. The Village of Wappingers Falls offers a convenient location with easy access to surrounding communities and employment centers.Whether you're an experienced investor looking to add another income-producing property to your portfolio or a first-time buyer seeking an owner-occupied investment, this versatile three-family property is worth a closer look.Three units Two 2-bedroom apartments One 1-bedroom apartment Separate gas & electric Ample rear parking Numerous recent improvements Convenient commuter location Excellent investment or owner-occupant opportunity
Details
| MLS # | 1046507 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1850 |
| Days On Site | 35 |
| Listing Provided By | Century 21 Alliance Rlty Group | Bertus Pritchard |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| Basement | Y |
| Units | 3 |
| Acreage | 0.19 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard, Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Storage |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street, Shared Driveway |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 505600 |
| Tax Annual Amount | 14550 |
Area Information
| State | NY |
|---|---|
| County | Dutchess County |
| City | Wappingers Falls |
| Zip Code | 12590 |
| School District | Roy C Ketcham Senior High Sch |
| Elementary School | James S Evans Elementary School |
| High School | Roy C Ketcham Senior High Sch |
| Listing VS Median (in 12590) | |
Price: $675,000 low | high Med: $499,900 On site: 35 low | high Med: 93 | |
Market Activity 12590
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Learn More About This Property
| State | NY |
|---|---|
| County | Dutchess County |
| City | Wappingers Falls |
| Zip Code | 12590 |
| School District | Roy C Ketcham Senior High Sch |
| Elementary School | James S Evans Elementary School |
| High School | Roy C Ketcham Senior High Sch |
| Listing VS Median (in 12590) | |
Price: $675,000 low | high Med: $499,900 On site: 35 low | high Med: 93 | |
