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 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!
Status:
Active
Town:
Poughkeepsie
Type:
Multi-family
Units:
4
Garage:
On Street
Heating:
Natural Gas, Hot Water
Cooling:
None
Basement:
Unfinished
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 #:
H6291497
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Legacy Land & Homes LLC (845) 206-9462