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