5-13 Academy Street, Poughkeepsie, NY, 12601
$2,275,000
Multi Family
Commercial
Details
ML#: 801774
- # of Families: 12
- Sale or Rent:Sale
- Year Built: 1900
- Taxes: $39,124
- Status:Active
Description
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.
More Property Details
Stories: 3
Heat: Electric
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $39,124
Listing Information provided courtesy of
eRealty Advisors, Inc
914-712-6330