2676 W Main Street, Wappingers Falls, NY 12590

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.