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.
5,763 Sq Ft
0.21 Private Acres Exterior Space
Commercial
$18,548 Annual Tax
Built in 1900
MLS/Listing ID 883669
5 Units
Parking - Driveway
Construction - Frame
Cooling - Wall/window unit(s)
Heating - Natural Gas
Heating - Electric
Heating - Baseboard
Lot - Paved
Lot - Level
Parking - Parking Lot
Listing Courtesy of SERHANT LLC, JAKE GARAY - 914-772-2603
Source of Data: ONEKEY MLS