Poughkeepsie Portfolio 4 Properties Offered at $4,925,000 in Poughkeepsie, NY

Marcus & Millichap is pleased to present the opportunity to acquire a three property, 33 unit, mixed use portfolio in Poughkeepsie New York. This opportunity consists of 28 residential and 5 commercial units at three locations.
These properties are a five minute drive from one another: located in the City (509-513 Main Street, 78-82 Garden Street and 84-86 Garden Street) and Town (30 Kelsey Rd) of Poughkeepsie.
509-513 is a three story, brick, mixed use building consisting of twelve units: 4 commercial and 8 residential. All tenants at this location pay for their own separately metered gas, electric, heat and hot water. All residential units are 3+ bedrooms with rear decks and access to the rear parking lot. Building was completely renovated in 2003.
The Garden street properties consist of 16 units: 15 residential and 1 commercial unit. The three story brick buildings feature studio, one, and three bedroom apartments and are separately metered for gas and electric (tenants pay). Landlord supplies hot water only. Tenants each have individual HVAC units and pay for their own heat. The one story commercial unit is on Mansion St.
30 Kelsey Rd is situated in the town of Poughkeepsie , just about 1 mile from the other properties. It consists of five units: four 1 bedroom and 1 studio apartment. Landlord pays for heat and hot water. Tenants pay for their own separately metered gas and electric. Two car garage could be rented for additional income.
In addition to being the seat of the Dutchess County government, Poughkeepsie is home to Marist and Vassar Colleges and the Culinary Institute of America.