1 Morgan Avenue, Poughkeepsie, NY 12601 | MLS H6291497 | Listing Information | Berkshire Hathaway HomeServices Hudson Valley Properties | Berkshire Hathaway HomeServices Hudson Valley Properties
FOR SALE
$600,000  

1 Morgan Avenue
Poughkeepsie, NY 12601

Multi-Family
Residential
4
Beds
4
Baths
5,160
Sq. Ft.
0.1
Acres Lot
Listing by: Legacy Land & Homes LLC, (845) 206-9462
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!
H6291497
Multi-Family, 2 Story
4
Dutchess
4 Full
1920
0.1 Acres
Public
Public Sewer
5,160 Sq. Ft.
School Information
Warring Magnet Acad Of Sci & Tech
Poughkeepsie Middle School
Poughkeepsie High School
Bathrooms
4
Total:4
Interior Features
Appliances
Gas Water Heater
Cooling
None
Heating
Gas Heat. Hot Water.
Common Walls
No Common Walls
Basement
Unfinished
Exterior / Lot Features
Parking
On Street.
Financial Considerations
131300-6162-72-453138-0000
$10,247
Listing by: Legacy Land & Homes LLC, (845) 206-9462
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