1 Morgan Avenue, Poughkeepsie, NY

$600,000

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4

Beds

4

Baths

5,160

Square feet

0.10

Acres

About 1 Morgan Avenue

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!

Features of 1 Morgan Avenue

MLS® # H6291497
Price $600,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 5,160
Acres 0.10
Taxes $10,247
Year Built 1920
Type Residential Income
Sub-Type Multi Family
Style Two Story
Status Active

Community Information

Address 1 Morgan Avenue
City Poughkeepsie
County Dutchess
State NY
Zip Code 12601
Adult 55+ Community No

Amenities

Parking On Street
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Hot Water
Cooling None
Has Basement Yes
Basement Unfinished
Fireplace No

School Information

District Poughkeepsie
Elementary Warring Magnet Acad Of Sci & Tech
Middle Poughkeepsie Middle School
High Poughkeepsie High School

Additional Information

Date Listed February 25th, 2024
Days on Market 146
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLegacy Land & Homes LLC

Listing Map

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