$250,000
$2,950,000
91.5%For more information regarding the value of a property, please contact us for a free consultation.
201 Main ST Beacon, NY 12508
0.46 Acres Lot
Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6183635
Sold Date 06/07/23
HOA Y/N No
Rental Info No
Annual Tax Amount $40,787
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Multi Family
Source onekey2
Property Description
Nearly half an acre on Beacon's bustling Main Street. 17 income producing residential rental units. 5 commercial retail spaces. As of right, possibility of building a +/- 16,000 sq. ft addition in what is now the rear parking area. All rents are undermarket. Buildings need major renovation in order to raise rents to market levels. This is a long term play for a deep pocket investor who has the vision and the means to unlock this unique property's full potential. Current cap rate is 4.5%. An + 8% cap rate is achievable.
Location
State NY
County Dutchess County
Interior
Heating Natural Gas, Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Parking Lot
Building
Lot Description Historic District
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Beacon
School District Beacon
Others
Special Listing Condition None
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Bought with Daniel Aubry Realty, LLC
