$600,000
1 Morgan AVE Poughkeepsie, NY 12601
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$600,000
Est. payment /mo
4 BD
4 BA
5,160 SqFt
Active
1 Morgan AVE Poughkeepsie, NY 12601
UPDATED:
10/14/2024 02:43 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,160 sqft
Price per Sqft $116
MLS Listing ID H6320528
Style Two Story
Bedrooms 4
Full Baths 4
Originating Board onekey
Rental Info No
Year Built 1920
Annual Tax Amount $10,247
Lot Size 4,356 Sqft
Acres 0.1
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 7.91 cap rate, with room to grow, pro forma at current market rent puts this over 10.0 cap rate! 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!
Location
State NY
County Dutchess
Rooms
Basement Unfinished
Interior
Heating Natural Gas, Hot Water
Cooling None
Fireplace No
Exterior
Garage On Street
Parking Type On Street
Garage false
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Warring Magnet Acad Of Sci & Tech
Middle Schools Poughkeepsie Middle School
High Schools Poughkeepsie High School
School District Poughkeepsie
Others
Senior Community No
Special Listing Condition None
Listed by Legacy Land & Homes LLC • 845 2069462
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