1 Morgan Avenue, Poughkeepsie, NY 12601
- $600,000
- 4
- BD
- 4
- BA
- 5,160
- SqFt
- List Price
- $600,000
- Days on Market
- 64
- MLS#
- H6291497
- Status
- ACTIVE
- Property Type
- Multi Family
- Style
- Two Story
- Year Built
- 1920
- Property Tax
- $10,247
- Neighborhood
- Poughkeepsie City
- School District
- Poughkeepsie
- High School
- Poughkeepsie High School
- Jr. High
- Poughkeepsie Middle School
- Elementary School
- Warring Magnet Acad Of Sci & Tech
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!
Additional Information
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Square Footage
- 5,160
- Acres
- 0.10
- Parking
- On Street
- Basement
- Unfinished
- Heating
- Natural Gas, Hot Water
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Curtis Darragh (curt@legacylandandhomes.com) from Listing Office: Legacy Land & Homes LLC.
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