$600,000 ($116.28 per sqft)

Est. Mortgage $2,955/mo *

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1 Morgan Avenue, Poughkeepsie, (Poughkeepsie City), NY, 12601

1 Morgan Avenue, Poughkeepsie, (Poughkeepsie City), NY, 12601

4 beds

4 Full baths

1920

Two Story

5,160 sqft

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!


Status:

Active

Town:

Poughkeepsie

Type:

Multi-family

Units:

4

Heating:

Natural Gas, Hot Water

Cooling:

None

Basement:

Unfinished

Parking:

On Street

Acreage:

0.1

Est. Taxes:

$10,247

Assessment

$280,000

Elementary School:

Warring Magnet Acad Of Sci & Tech

Middle School:

Poughkeepsie Middle School

High School:

Poughkeepsie High School

School District:

Poughkeepsie

MLS #:

H6320528


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Legacy Land & Homes LLC 845 2069462