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Multi Family 5+ in Dutchess County
MLS Number801774
Address5-13 Academy Street, Poughkeepsie, NY 12601 show map
Price$2,300,000 show mortgage calculator
Acres0
Year Built1900
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High School
Estimated Taxes$39,124
Total Apt Units12
Remarks

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.

Amenities

This listing is Courtesy of eRealty Advisors, Inc (914-712-6330).

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