Great building in downtown Poughkeepsie. Main Street location. Excellent condition. Great location in the heart of the historic business district. Large traffic count. 1st floor & basement is renovated bar/restaurant, currently 100% 0ccupied 1st-floor tenant pays $4250.00/mo, $4500.00 in the year 2021, 5450 in the year 2022. Office space (1,600sf) on 2nd floor is rented for $1147.00/mo.this unit goes to $1500.00 a month in 2020, 3 residential apartments on the 3rd & 4th floors: Studio on 3rd floor ($1000.00/mo.) & a 1BR on 3rd floor ($1100.00/mo.) & a 3BR on the 4th floor ($1,400/mo.). All apartments are renovated. All current leases with annual increases. Landlord equipment stays with building over $100,000 included in the sale. Coin Laundry produces est $2500.00 year. Tenants pay all utilities. The building is fully sprinkled. New roof & new HVAC. Direct municipal parking behind the building(400 spaces). Convenient to colleges, Mid-Hudson Bridge, Rt. 9). GOI $109,284.00 NOI 82,812.00
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Listed by BHHS Hudson Valley Properties Sold by Houlihan Lawrence Inc.
302 Main Street, Poughkeepsie City, NY 12601 (MLS# H4733323) is a
302 Main Street is currently listed for $950,000 and was received on July 21, 2017.
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