Homes for sale - 5-13 Academy ST, Poughkeepsie, NY 12601

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DEXTER PHILLIP

dexter.phillip@exprealty.com +1(917) 809-9210

$ 2,300,000

Est. payment | -/mo

Save

$ 2,300,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY801774

Originating Board onekey2

Rental Info No

Year Built 1900

Annual Tax Amount $39,124

Property 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.

Location

State NY

County Dutchess County

Rooms

Basement Unfinished

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

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

Exterior

Utilities Available See Remarks

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by eRealty Advisors, Inc

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

5-13 Academy ST Poughkeepsie, NY 12601