$600,000
1 Morgan Avenue, Poughkeepsie City, Dutchess, NY, 12601, USA
MLS#
6291497
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
4,356 sqft (405 m2)
Bedrooms
4
Baths
4
Bathrooms
4
Sale price per sqm
0 $
Save Listing
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!
Property Details
Year Built:
1920
Heating System:
Hot Water, Natural Gas
Basement and Foundation:
Unfinished
Parking / Garage
Parking type:
On Street
School Information
High School District:
Poughkeepsie
Elementary School:
Warring Magnet Acad Of Sci & Tech
High School:
Poughkeepsie High School
Middle School:
Poughkeepsie Middle School

Contact Me

  • Curtis Darragh
  • Legacy Land & Homes LLC
  • Phone: 845-518-7526