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1 Morgan Avenue

Poughkeepsie, NY 12601
  • $600,000
  • STATUS: Active
  • ON SITE: 117 Days
  • ID#: H6291497
UPDATED: 161 min ago
$600,000
  • 4
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,160
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Information

School District:

Description

Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 6.25%+ cap rate, but there's room to grow, pro forma at current market rent puts this over 7.5 cap rate! Presently, only one unit is leased at market rent, providing an exclusive advantage to the new owner an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Data last updated: 2024-06-23T15:18:29.403.
www.thepaulaclarkgroup.com/homes/147975631
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1 Morgan Avenue Poughkeepsie, NY 12601

  • Price: $600,000
  • Status: Active
  • On Site: 117 Days
  • Updated: 161 min ago
  • ID#: H6291497
4
Beds
4
Baths
0
½ Baths
0.1
Acres
5,160
SQFT
$116
$/SQFT
1920
Built
Neighborhood:
Poughkeepsie City
County:
Dutchess
Area:
Poughkeepsie City
Elementary School:
Warring Magnet Acad Of Sci & Tech
Middle School:
Poughkeepsie Middle School
High School:
Poughkeepsie High School
School District:
Poughkeepsie
Property Description
Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 6.25%+ cap rate, but there's room to grow, pro forma at current market rent puts this over 7.5 cap rate! Presently, only one unit is leased at market rent, providing an exclusive advantage to the new owner an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Exterior Features

Architectural Style Two Story Attached Garage YN No Parking Features On Street Property Attached YN No

Interior Features

Basement Details Unfinished Common Walls No Common Walls Cooling None Cooling YN No Heating Natural GasHot Water Hot Water Gas Stand Alone Number Of1 Bedrooms 4 Number Of2 Bedrooms 0 Number Of3 Bedrooms 0

Property Features

Garbage Removal Public MLSArea Minor 99 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of4 Bedrooms 0 Other Expense 517 Owner Pays Insurance Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 10247 Tax Annual Amount1 10247 Tenant Pays ElectricityGas Water Source Public

Listing courtesy of Curtis Darragh of Legacy Land & Homes LLC: (845) 206-9462
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Data last updated: 2024-06-23T15:18:29.403.
 
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