1 Morgan Avenue, Poughkeepsie City, NY, 12601
$600,000
Multi Family
For Sale
4 Beds
, 4 Full Bath
, 5160 SqFt
Details
ML#: H6291497
- Style: Two Story
- # of Families: 4
- Year Built: 1920
- Taxes: $10,247
- Status:Active
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 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!
More Property Details
Bedroom: 4
Full Bath: 4
Lot Size: 0.1
Lot Sq Ft: 4356
Approx. Int. Sq. Ft.: 5160.00
Garage: 0.0
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Natural Gas, Hot Water
A/C: None
Water: Public
Sewer: Public Sewer
Garbage Removal: Public
Taxes: $10,247
School District: Poughkeepsie
Listing Information provided courtesy of
Legacy Land & Homes LLC
(845) 206-9462