48 Columbia Street, Poughkeepsie, NY, 12601
$950,000
Multi Family
Commercial
Details
ML#: 883669
- # of Families: 5
- Sale or Rent:Sale
- Year Built: 1900
- Taxes: $18,548
- Status:Active
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.
More Property Details
Lot Size: 0.21
Parking Spaces: Yes
Parking Facilities: Driveway, Parking Lot
Stories: 2
Heat: Baseboard, Electric, Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $18,548
Listing Information provided courtesy of
Serhant LLC
646-480-7665