138 Montgomery Street, Poughkeepsie, NY, 12601
5 beds
2 Full baths
1900
Colonial
138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add opportunity. The two-family dwelling has tons of potential for increased rental income. Additionally, the 26 garages are currently leased below market value, creating an immediate opportunity to increase revenue by adjusting rental rates. With its solid tenant base and untapped potential, 138 Montgomery is a promising investment for those seeking both steady cash flow and future upside. Current gross income of close to $95k with plenty of room to grow! Municipal water, sewer and natural gas. Excellent location, in the heart of Downtown, minutes to the Culinary, Marist College, Walkway over the Hudson, Poughkeepsie Train Station, local shops, restaurants, schools and more!
Status:
Active
Type:
Single-family residential
Units:
3
Garage:
26-car
Heating:
Baseboard, Natural Gas
Cooling:
None
Basement:
Unfinished
Parking:
35-car
Acreage:
0.49
Est. Taxes:
$10,714
Assessment
$330,000
Construction
Frame
Utilities
Cable Connected, Electricity Connected
Elementary School:
Gov George Clinton School
Middle School:
Poughkeepsie Middle School
High School:
Poughkeepsie High School
School District:
Poughkeepsie
Days on Market:
9
MLS #:
803985
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Realty Partner 914-962-0007