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5-13 Academy St

12 Unit Apartment Building $3,260,066 CAD ($271,672 CAD/Unit) 9.09% Cap Rate Poughkeepsie, NY 12601

Apartment Buildings New York Poughkeepsie 5-13 Academy St, Poughkeepsie, NY 12601

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

Executive Summary

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 potential floor plans to convert them into three-bedroom units. 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.
Please email me to get the rent roll and I&E at Yehudafrealty@gmail.com

Property Facts

Price $3,260,066 CAD Building Class C
Price Per Unit $271,672 CAD Lot Size 0.09 AC
Sale Type Investment Building Size 11,500 SF
Cap Rate 9.09% Average Occupancy 100%
No. Units 12 No. Stories 3
Property Type Multifamily Year Built/Renovated 1900/2022
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Mid Rise
Price $3,260,066 CAD
Price Per Unit $271,672 CAD
Sale Type Investment
Cap Rate 9.09%
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 1900/2022
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 4 $3,118 CAD -
2+1 4 $2,693 CAD -
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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code C-2, Poughkeepsie
C-2, Poughkeepsie
(845) 499-5533

  • Listing ID: 34097445

  • Date on Market: 2024-12-05

  • Last Updated:

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

The Fishkill Multifamily Property at 5-13 Academy St, Poughkeepsie, NY 12601 is currently available. Contact eRealty Advisors for more information.

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5-13 Academy St
(845) 499-5533 x

5-13 Academy St

Yehuda Fischman

(845) 499-5533

(845) 499-5533

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