11
See all 11 photos
$2,275,000
Est. payment /mo
Active
5-13 Academy ST Poughkeepsie, NY 12601
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY801774
Rental Info No
Year Built 1900
Annual Tax Amount $39,124
Property Sub-Type Multi Family
Source onekey2
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