Price Reduced 1.09%

$2,275,000

Est. Mortgage $11,504/mo *

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Price History

$2,300,000
12/2/2024

$2,275,000
2/3/2025

5-13 Academy Street, Poughkeepsie, NY, 12601

5-13 Academy Street, Poughkeepsie, NY, 12601
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1900

TURN-KEY INVESTMENT of 9% cap rate. Property Overview: Unit Mix: There are 12 units, 8 residential and 4 commercial. Condition: In 2023, 4 units underwent complete gutting, while the other 4 units were renovated during the same year. Unit Sizes: Four are three bedrooms and include a washer/dryer. The other four units are spacious two-bedroom units. There are floor plans to convert them into three-bedroom units potentially. The tenants are paying all utilities except the water. There is potential to add a few more units Without extending the building, further increasing its value and income potential.

Status:

Active

Type:

Commercial

Units:

12

Heating:

Electric

Cooling:

Wall/Window Unit(s)

Basement:

Unfinished

Levels:

3

Est. Taxes:

$39,124

Construction

Brick

Utilities

See Remarks

Days on Market:

62

Appliances:

Dishwasher, Dryer, Electric Oven, Electric Range, Freezer, Microwave, Refrigerator

MLS #:

H801774

Community Info

School Info

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Mass Transit

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Listing courtesy of eRealty Advisors, Inc 914-712-6330