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Single Family House for Sale in Wappingers Falls, Poughkeepsie (town), Dutchess County, NY 12590 | Web ID: 1061883 | $649,000

2676 W Main Street , Wappingers Falls , NY 12590

 
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Property Description

Exceptional Mixed-use Property Offering Strong Existing Income, Modern Updates, And Additional Value-add Potential. This Turnkey Building Features A Beautifully Updated 3-bedroom, 1-bath Residential Apartment Along With An Established Commercial Wellness Space, Plus An Additional Approximately 1, 050 Sq. Ft. Lower-level Unit Currently Gutted And Ready To Be Finished. The Property Has Undergone Extensive Improvements, Including A Brand-new Roof, Spray Foam Insulation, New Windows And Glass, And All-new Mechanical Systems, Providing A Modern, Low-maintenance Investment For The Next Owner. Residential Unit | Approx. 1, 200 Sq. Ft. Fully Updated 3-bedroom, 1-bath Apartment Forced-air Heat And Central Air Conditioning In-unit Washer And Dryer Currently Leased At $2, 500/month Excellent Turnkey Condition Commercial Space | Approx. 1, 050 Sq. Ft. Established Wellness Business With 15 Years Of Experience Currently Leased At $1, 950/month Renovated In 2023 Attractive Opportunity For An Owner-user Or Investor Additional Value-add Space Approximately 1, 050 Sq. Ft. Currently Gutted And Ready For Future Build-out Significant Potential To Create Additional Income-producing Space, Subject To Applicable Approvals Financials Current Gross Rental Income: $4, 450/month Current Annual Rental Income: $53, 400 Annual Property Taxes: Approximately $11, 000 Annual Insurance: Approximately $2, 000 Tenants Pay All Utilities With Approximately 3, 300 Sq. Ft. Of Total Space, This Property Combines Established Rental Income With Substantial Future Upside. The Recent Capital Improvements, Existing Residential And Commercial Tenants, And Additional Unfinished Space Make This An Attractive Opportunity For Investors Seeking Income, Flexibility, And Long-term Appreciation Potential. A Rare Opportunity To Acquire A Professionally Updated Mixed-use Property With Income In Place And Room To Increase Its Earning Potential. Buyers Agent To Confirm All Details.

Property Information

Location/Town Poughkeepsie (Town)
Area/County Dutchess County
Post Office/Postal City Wappingers Falls
Prop. Type Single Family House for Sale
Tax $6,922.00
Year Built 1900
Basement Unfinished
Construction Brick
Total Units 2
Lot SqFt 2,178
Cooling Ductless
Heat Source Forced Air
Util Incl Electricity Connected, Sewer Connected
Days On Market 1
Parking Features On Street
Tax Assessed Value 199500
Units 2
School District Wappingers
Middle School Wappingers Junior High School
Elementary School Sheafe Road Elementary School
High School Roy C Ketcham Senior High Sch
Features Open floorplan
Listing information courtesy of: Sams Realty

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