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5-13 Academy St
Poughkeepsie, NY 12601 Downtown Poughkeepsie

$2,300,000 USD

Apartments For Sale  •  11,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,500 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1900
  • Zoning C-2, Poughkeepsie
47 Transit Score
75 Walk Score

Highlights

Turn-key investment - Mixed-Use Brick Building
Mix use: 8 residential and 4 commercial, a total of 12 units
Condition: 4 units were completely gutted, and the other units were renovated
Three brand new stores with new long-term leases
There is potential to add a few more units
The cap rate is 9% and 12% cash on cash

Public Transportation

Commuter RailDriveWalkDistance
Poughkeepsie Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
New York Stewart International 36 min - 24.2 mi
Yehuda Fischman 845-499-5533 eRealty Advisors
Yehuda Fischman 845-499-5533 eRealty Advisors