About 5-13 Academy Street
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.
Features of 5-13 Academy Street
| MLS® # | 801774 |
|---|---|
| Price | $2,275,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,361 |
| Acres | 0.00 |
| Taxes | $39,124 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5-13 Academy Street |
|---|---|
| City | Poughkeepsie |
| County | Dutchess County |
| State | NY |
| Zip Code | 12601 |
| Adult 55+ Community | No |
Amenities
| Utilities | See Remarks |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Dryer, Electric Oven, Electric Range, Freezer, Microwave, Refrigerator |
|---|---|
| Heating | Electric |
| Cooling | Wall/Window Unit(s) |
| Has Basement | Yes |
| Basement | Unfinished |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Date Listed | November 27th, 2024 |
|---|---|
| Days on Market | 137 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eRealty Advisors, Inc |
|---|