5-13 Academy Street, Poughkeepsie, NY 12601

  • $2,300,000
Active
5-13 Academy Street, Poughkeepsie, NY 12601
  • $2,300,000

Overview

Property ID: 801774
  • Multi Family, Commercial Sale
  • Property Type
  • 11361
  • Square Feet
  • 1900
  • Year Built

Description

TURN- 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.

Details

Updated on December 3, 2024 at 5:32 am
  • Property ID: 801774
  • Price: $2,300,000
  • Property Size: 11361 Square Feet
  • Garage Size: x x
  • Year Built: 1900
  • Property Type: Multi Family, Commercial Sale
  • Property Status: Active

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Jerry Wang
  • Jerry Wang