5-13 Academy ST Active Save Request In-Person Tour Request Virtual Tour
Poughkeepsie,NY 12601
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