Active

5-13 Academy Street

Poughkeepsie NY, 12601

$2,275,000


$200.25 per sqft

Active

11,361 sqft

Commercial

Built in 1900

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.

801774

MLS ID

December 3, 2024

Listed

February 12, 2025

Updated

Interior Features

Total Stories

3


Appliances

Dishwasher, Dryer, Electric Oven, Electric Range, Freezer, Microwave, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Sewer

Public Sewer

Other Property Details

Taxes

$39,124


Tax Frequency

Annually


Days on Market

62


Garage

No


View

No


County

Dutchess County


Water Source

Public


Pool

No


Utilities

See Remarks

Listing History

Date

Event

Price

2/4/2025

Price change

$2,275,000

-2%

Listed by Yehuda Fischman  with eRealty Advisors, Inc
Listing Contact: 914-712-6330 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Team Banx shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 OneKey MLS. All rights reserved.    

Data last updated 10:16 AM UTC, 2/12/2025

  

Powered byLuxury Presence