Property 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.
      Overview
Property Type
                        Commercial
                      Location
                        48 Columbia Street, Poughkeepsie, NY 12601
                      MLS ID
                        883669
                      Listing Last Updated
              
                        
                      Property Features & Amenities
Interior
Exterior
Stories
                          2
                        Water Source
                          Public
                        Utilites
                          Electricity Connected, Natural Gas Connected, Sewer Connected
                        Lot Features
                          Level, Paved
                        Parking
                          Driveway, Parking Lot
                        Heat Type
                          Baseboard, Electric, Natural Gas
                        Air Conditioning
                          Wall/Window Unit(s)
                        Sewer
                          Public Sewer
                        Details
Total Area
                          5,763 Sq.Ft.
                        Financial
Price
                        $950,000
                      Real Estate Tax
                        $18,548/yr
                      Exclusive Listing Agents