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2-4 Roosevelt Ave & 691-693 Main Street, Poughkeepsie, NY 12601
Price – $3,999,000
Number of Units – 46
Building Size – 12,172 SF
Price Per Unit – $86,934.78
Property Use Type – Investment
Property Type – Multi-family
Property Sub-type – Garden/Low-Rise
Commission Split – 2%
Cap Rate – 8.71%
[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]Description
Four Building Package!! located on Main street and Roosevelt ave. Total of 46 units which 4 are retail. Rents are below market rate which allows for a increase in rent. All units are in great shape.NOI for total of 46 units=344,700 1.5 miles away from the Poughkeepsie Train Station, Amtrak and the Metro North Rail Road, providing service both north toward Albany and south into New York City. The immediate area also benefits from a strong student body presence, with Marist College and Vassar College both being located in Poughkeepsie.
surrounding the properties is primarily made up of residential and local retail and office establishments. I-87 is located approximately 20 minutes away providing greater access to the greater New York City region, with Manhattan being approximately 85 miles away.
[/vc_column_text][callout title=”Contact Us” link=”https://lsrealtyteam.com/contact-lakeshore-realty/”]Do you have more questions about this property? Or would you like to have one of our friendly agents call you to discuss this real estate opportunity? Please click the button to the right, we’re just a few clicks away![/callout][/vc_column][/vc_row][vc_row 0=””][vc_column 0=””][vc_separator style=”double” border_width=”4″ el_width=”60″][/vc_column][/vc_row][vc_row][vc_column][map_embed latitude=”41.698051″ longitude=”-73.910369″][/vc_column][/vc_row]