Turnkey investment opportunity delivering an 8.


Property

Website:https://www.nestseekers.com/4630747
Address:
Poughkeepsie, NY 12601
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$899,000
Annual Taxes:$18,548

Description

Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie’s Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.

Amenities

  • Electricity Connected
  • Level
  • Natural Gas Connected
  • Paved
  • Sewer Connected

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Serhant LLC