Turn-Key Mixed-Use Investment Property in the Heart of Poughkeepsie Discover the income potential of this well-maintained mixed-use property located just minutes from the Hudson River, Marist College, and the Culinary Institute of America. 34 Hoffman St features a fully occupied layout with flexible leases and strong rental demand in a desirable location. Property Highlights: Ground Floor Commercial Space: Currently leased to a church office, offering a quiet, stable tenant with community ties. The space includes a private entrance, office area, bathroom, and storage. Two Residential Units: The second and third floors each feature updated 1-bedroom apartments, currently leased to students from Marist College and The Culinary Institute of America (CIA). Units feature private entrances, decks and ample natural light. Garage Rental: The detached garage is leased separately to the owner’s landscaper, adding an additional stream of income. All Leases are Month-to-Month: Set up for the convenience and flexibility of the buyer, all leases are currently month-to-month. However, tenants have expressed enthusiasm to remain in place, offering a smooth transition and potential long-term stability. Utilities & Expenses: All units are separately metered for Gas and Electric—tenants pay their own usage. Landlord pays for trash removal and water, which is then billed back to tenants based on usage. Low maintenance costs and a healthy rent roll make this a strong, cash-flowing asset. Parking: Off-street parking accommodates 5-8 vehicles, a valuable amenity. Prime Location: It is within walking distance of Hudson River waterfront parks, the Metro-North/Amtrak train station (with direct access to Grand Central Station), and downtown Poughkeepsie. Easy access to Route 9 and nearby schools and services. 34 Hoffman St is an excellent opportunity for investors seeking a fully rented, income-producing property in a growing area—with the added benefit of flexible leases and room to add value.
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