Multi Family 5+ in Dutchess County
| MLS Number | 801774 |
|---|---|
| Address | 5-13 Academy Street, Poughkeepsie, NY 12601 show map |
| Price | $2,275,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $39,124 |
| Total Apt Units | 12 |
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.
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