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11
5-13 Academy Street Poughkeepsie, NY 12601

$2,300,000

$2,275,000

Multi Family Commercial PRICE REDUCED ML# 801774

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.

Presented By: eRealty Advisors, Inc 914-712-6330
Call Today: 631-650-9933, or Email: Michael J Watts & Assoc Inc
Temporary Off Market

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The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Michael J Watts & Associates Inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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