Investment Opportunity - 2 Houses on one parcel

715-717 Sergeant Palmateer Wappingers Falls, NY 12590

715-717 Sergeant Palmateer, Wappingers Falls, NY, 12590
715-717 Sergeant Palmateer, Wappingers Falls, NY, 12590
Property Type:
MultiFamily Apartments
Last Verified:
Sep 07, 2020


Fantastic investment opportunity right in the heart of Wappingers Falls. Two homes on one parcel of land. Both have been exceptionally well maintained. Long term tenants in place. Potential to live in one and rent the other. Also an ideal set-up for Airbnb. The front house is a large cape with front rocking chair screened in porch. There's potential to expand the finished square footage with the currently unfinished walk-up attic. Nice flat yard space and a quick drive or walk to grocery stores, restaurants and Route 9 amenities. Hardwood floors, quality cabinets and tile work, very sturdy and well built homes. Recent upgrades to concrete walkways, hot water heaters and roof. Oil heat at both homes, well and septic system.

Right in the heart of Wappingers Falls at the corner of Middlebush Road and Sergeant Palmateer. Just off Route 9 and area amenities.

Year Built: 1935
Building Size: 2550.0sq ft
Lot Size: 0.58 acres

Map of 715-717 Sergeant Palmateer, Wappingers Falls, NY, 12590

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.