48 Columbia Street
Poughkeepsie,
NY
12601
- Commercial
- Year Built 1900
- Multi Family
- ML# 883669
Property Details
Overview
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.
Key Facts
- •Lot Size: 0.21
- •Taxes: $18,548
- •Sale or Rent: Sale
- •Construction Materials: Frame
- •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
Listing Information provided courtesy of
Serhant LLC
646-480-7665
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