27 Mill Street, Wappingers Falls, NY 12590 (MLS # 858842)
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Prime Multi-Family Investment in the Heart of the Village of Wappingers Falls! Don't miss this exceptional opportunity to own a well-maintained and income-generating three-family home in the vibrant Village of Wappingers Falls. Ideal for investors or savvy owner-occupants, this versatile property features three fully independent units"”each with private entrances, separate utilities, and appealing layouts that attract long-term tenants. The spacious first-floor unit is updated and offers a two-bedroom, one-bath configuration with an eat-in kitchen, in-unit washer and dryer, and direct access to a private deck. The second-floor unit mirrors this layout with two bedrooms, one full bath, a large eat-in kitchen, and its own outdoor deck space. The third-floor unit is a charming one-bedroom with a separate living area, eat-in kitchen, private deck, and bonus storage space"”perfect for maximizing rental potential. Additional perks include a shared basement with tenant storage and a laundry area for the second and third floors, as well as a spacious off-street parking area that accommodates four or more vehicles. Conveniently located just five minutes from the train station and close to shops, restaurants, and local attractions, this property combines strong rental appeal with long-term growth potential"”an ideal addition to any investment portfolio. In agent notes, please include that tenants on 1st and 2nd floor are month to month - 3rd unit is vacant. Market rents are $2200 1st floor, $2100 2nd floor, $1700 for 3rd floor. Current cap rate is 3.30% -- with market rents it is 4.08%
| DAYS ON MARKET | 1 | LAST UPDATED | 5/8/2025 |
|---|---|---|---|
| YEAR BUILT | 1870 | COUNTY | Dutchess |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Unfinished, Walk-Out Access |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard |
| LOT | 5227 sq ft |
| PARKING | Driveway |
| SEWER | Public Sewer |
| STYLE | Colonial |
| TAXES | 12270.65 |
| UTILITIES | Natural Gas Available, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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