Exceptional mixed use property offering strong existing income, modern updates, and additional value add potential.
Poughkeepsie (Town), NY 12590
Listing
| Web ID: | 5760043 |
|---|---|
| Website: | https://www.nestseekers.com/5760043 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Lot Size: | 0.1 Acres |
Financials
Price:$663,000
Annual Taxes:$6,922.02
Description
Exceptional mixed-use property offering strong existing income, modern updates, and additional value-add potential. This turnkey building features a beautifully updated 3-bedroom, 1-bath residential apartment along with an established commercial wellness space, plus an additional approximately 1,050 sq. ft. lower-level unit currently gutted and ready to be finished.
The property has undergone extensive improvements, including a brand-new roof, spray foam insulation, new windows and glass, and all-new mechanical systems, providing a modern, low-maintenance investment for the next owner.
RESIDENTIAL UNIT | APPROX. 1,200 SQ. FT.
Fully updated 3-bedroom, 1-bath apartment
Forced-air heat and central air conditioning
In-unit washer and dryer
Currently leased at $2,500/month
Excellent turnkey condition
COMMERCIAL SPACE | APPROX. 1,050 SQ. FT.
Established wellness business with 15 years of experience
Currently leased at $1,950/month
Renovated in 2023
Attractive opportunity for an owner-user or investor
ADDITIONAL VALUE-ADD SPACE
Approximately 1,050 sq. ft.
Currently gutted and ready for future build-out
Significant potential to create additional income-producing space, subject to applicable approvals
FINANCIALS
Current gross rental income: $4,450/month
Current annual rental income: $53,400
Annual property taxes: approximately $11,000
Annual insurance: approximately $2,000
Tenants pay all utilities
With approximately 3,300 sq. ft. of total space, this property combines established rental income with substantial future upside. The recent capital improvements, existing residential and commercial tenants, and additional unfinished space make this an attractive opportunity for investors seeking income, flexibility, and long-term appreciation potential.
A rare opportunity to acquire a professionally updated mixed-use property with income in place and room to increase its earning potential.
Buyers agent to confirm all details.
Amenities
- Dishwasher
- Electricity Connected
- Electric Range
- Microwave
- Refrigerator
- Sewer Connected
Contact
Listing Courtesy of Sams Realty