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  • 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. 11
    5-13 Academy Street Poughkeepsie, NY 12601
    $2,300,000
    $2,275,000
    Multi Family Commercial PRICE REDUCED ML# 801774
    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.
    Presented By: eRealty Advisors, Inc  914-712-6330
    Call Today: 516.410.6193, 516.743.0830, or  Email: The Macaluso Team
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Macaluso Team
Mary Macaluso
Licensed Associate Real Estate Broker
516.410.6193

John Macaluso
Licensed Real Estate Salesperson
516.743.0830
485 Underhill Blvd, Suite 200 Syosset, NY 11791

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