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Property 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.
Features
- Heating System:
- Electric
- Cooling System:
- Wall/window Unit(s)
- Basement:
- Unfinished
- Appliances:
- Dishwasher, Refrigerator, Microwave, Dryer, Freezer, Electric Oven, Electric Range
- Community Features:
- Park, Near Public Transportation
- Fireplaces Total:
- 0
- Flooring:
- Hardwood
- Garage Spaces:
- 4
- Interior Features:
- Eat-in Kitchen, Living Room / Dining Room, Master Downstairs, Formal Dining Room, Entrance Foyer, Granite Counters, Home Office, Den/family Room, Legal Accessory Apartment
- Lot Features:
- Near Public Transit
- Parking Features:
- On Street, Driveway, Garage, Private, Detached, 4+ Car Detached
- Sewer:
- Public Sewer
- Utilities:
- See Remarks
Address Map
- City:
- Poughkeepsie
- State:
- NY
- County:
- Dutchess County
- Directions:
- Use GPS or Waze
Property and Construction
- Architectural Style:
- Exp Ranch
- Construction Materials:
- Brick, Frame, Vinyl Siding
- Development Status:
- Brick
- High School:
- Castleton Academy Hs Of Oceanside
- Inclusions:
- A/c Units, Ceiling Fan, Dishwasher, Refrigerator, Microwave, Dryer, Washer, Shed, Garage Door Opener, Awning, Gas Grill
- Levels:
- Two
- Agent MlsId:
- 46696
- Office MlsId:
- APPWOL
- MiddleOrJunior School:
- School 9M-Oceanside Middle School
- New Construction:
- 1
- Number Of Units:
- 12
- Property Condition:
- Diamond
- Senior Community:
- 1
- Special Listing Conditions:
- No
- Stories Total:
- 3
- Tax Annual Amount:
- $39,124
- VirtualTour URL:
- https://www.seetheproperty.com/u/427847
- Water Source:
- Public
- PhotosCount:
- 11
Commercial Sale For Sale
5-13 Academy Street, Poughkeepsie, NY
$2,275,000
Listing ID #801774
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Multi Family
- Listing ID :
- 801774
- Price :
- $2,275,000
- Bathrooms Total :
- 0
- Building Area :
- 11,361 Sqft
- Year Built :
- 1900
- Status :
- Active
- Status :
- Active
- Listing Office :
- eRealty Advisors, Inc
- Listing Agent :
- Yehuda Fischman
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
