This Multifamily Property is no longer advertised on LoopNet.com.

5-13 Academy St
Poughkeepsie, NY 12601
Multifamily Property For Sale · 12 Units

Investment Highlights

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

Property Facts

No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.09 AC
Building Size 11,500 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1900/2023
Zoning C-2 - Mixed-Use

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 5 $2,200 -
2+1 3 $1,900 -

Property Taxes

Property Taxes

Parcel Number
131300-6162-77-122036-0000
Land Assessment
$42,400
Improvements Assessment
$157,800
Total Assessment
$200,200
  • Listing ID: 34097445

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 5-13 Academy St, Poughkeepsie, NY 12601

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