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198 Main Street Poughkeepsie, NY 12601
$575,000
  • Commercial
  • Year Built 1900
  • Multi Family
  • ML# H6318376

Property Details

Overview

Fantastic 3000 ft² 3-unit mixed use building on bustling Main St Poughkeepsie. 2000 ft² residential & 1000 ft² commercial. All units leased. Storefront currently in use as a hair salon. Building boasts brick construction, 2 rear balconies with seasonal Hudson River views and rear garden area. Easy walk to Metro North, community centers, entertainment, recreation, shops, restaurants & more. Quick car ride to Vassar College, Marist College, Vassar Brothers Medical Center, Walkway Over the Hudson, American Culinary Institute & Dutchess Community College. Plenty of public parking available across the street. Property offered at 6.7% cap, with a potential pro forma cap rate of 9%+ with interior updates and market rents. Virtual Tour & Offering Memorandum available upon request! Interested buyers we please ask you provide proof of funds. For appointments, please contact us through Showingtime with at least 48 hours notice. Call us anytime for more information we are happy to help.

Key Facts

  • Lot Size: 0.06
  • Taxes: $10,000
  • Sale or Rent: Sale
  • School District: Poughkeepsie City
  • Zoning: C-2 Central Commercial

Additional Features

  • Construction Materials: Brick
  • Parking Spaces: Yes
  • Parking Facilities: On Street

Interior & Utilities

  • Washer: Yes
  • Dryer: Yes
  • Refrigerator: Yes
  • Dishwasher: Yes
  • Stoves: Yes
  • Heat: Electric, Natural Gas, Baseboard, Heat Pump
  • A/C: Wall/Window Unit(s)
  • Freezer: Yes
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $10,000
Listing Information provided courtesy of Manisali Services, LLC  202-540-0671
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