NY > Poughkeepsie
Poughkeepsie, NY 12601,1 Morgan AVE
Poughkeepsie, NY 12601,1 Morgan AVE
2
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$600,000
Est. payment /mo
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4 BD
4 BA
4,356 Sqft Lot
Active

1 Morgan AVE Poughkeepsie, NY 12601

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Felicha Rosado

Felicha Rosado

+1(631) 578-4307

UPDATED:

12/06/2024 09:37 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEYH6320528

Bedrooms 4

Full Baths 4

Originating Board onekey2

Rental Info No

Year Built 1920

Annual Tax Amount $10,247

Lot Size 4,356 Sqft

Acres 0.1

Property Description

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!

Location

State NY

County Dutchess County

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Radiant

Cooling None

Fireplace No

Exterior

Parking Features On Street

Utilities Available Trash Collection Public

Building

Lot Description Near School

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Warring Magnet Acad Of Sci & Tech

Middle Schools Poughkeepsie Middle School

High Schools Poughkeepsie High School

School District Poughkeepsie City

Others

Senior Community No

Special Listing Condition None

Listed by Legacy Land & Homes LLC

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Felicha Rosado

Agent | License ID: 10401354487

+1(631) 578-4307

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1 Morgan AVE