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Bobby Gellert

[email protected] +1(914) 215-4307

$ 600,000

Est. payment -/mo

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1 Morgan AVE Poughkeepsie, NY 12601

4 Beds

4 Baths

5,160 SqFt

UPDATED:

10/31/2024 09:23 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

Bobby Gellert

License ID: 49GE1011364

+1(914) 215-4307

Bobby Gellert

1 Morgan AVE Poughkeepsie, NY 12601

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1 Morgan AVE