Historic District 4-Family | 88 Academy St
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Historic District 4-Family 88 Academy St
4 Unit Apartment Building $699,000 ($174,750/Unit) 7.85% Cap Rate Poughkeepsie, NY 12601
Investment Highlights
- Located in Academy Street Historic District - Downtown Poughkeepsie NY
- 4-family with (2) 1BR, (1) 2BR, (1) 3BR Units
- 4-Story Historic Brick Building with Off-street Parking
- Potential for 5th Unit with Permits, Upgrades
Executive Summary
Fully occupied 4-family in the Academy Street Historic District just outside Downtown Poughkeepsie. Owner purchased last year, rehabbed units. Previous owner had illegal 5th unit, which is currently vacant but inhabitable and just needs permits and light reno if desired. Facade needs restoration.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $699,000 | Apartment Style | Low Rise |
| Price Per Unit | $174,750 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,180 SF |
| Cap Rate | 7.85% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 7.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.05 AC |
| Building Size | 4,180 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2024 |
| Parking Ratio | 0.48/1,000 SF |
PROPERTY TAXES
| Parcel Number | 131300-6161-21-060930-0000 | Improvements Assessment | $296,700 |
| Land Assessment | $40,700 | Total Assessment | $337,400 |
PROPERTY TAXES
Parcel Number
131300-6161-21-060930-0000
Land Assessment
$40,700
Improvements Assessment
$296,700
Total Assessment
$337,400
zoning
| Zoning Code | RC-3 (Residential Community 3 (Multi-family up to 3 stories)) |
| RC-3 (Residential Community 3 (Multi-family up to 3 stories)) |
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Don Minichino -
Keller Williams Realty Partners
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Historic District 4-Family | 88 Academy St
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