Residential Income

1 Morgan Avenue, Poughkeepsie City, New York 12601

$600,000
Listing ID #H6268805
Agent info
Contact Agent
4 Bedrooms
4 Bathrooms
5,160 Sqft
Basic Details
Property Type Residential Income
Property Sub Type Multi Family
Listing Type For Sale
Listing ID H6268805
Price $600,000
Bedrooms 4
Rooms 0
Bathrooms 4
Bathrooms Full 4
Half Bathrooms 0
Square Footage 5,160 Sqft
Year Built 1920
Lot Area 0.10 Sqft
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 an impressive 6.5%+ cap rate, but there’s still room to grow! Presently, only one unit is leased at market rent, providing an exclusive advantage to the new owner an opportunity to gradually increase rents over time, significantly amplifying 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!

Features
Hot Water, Natural Gas
Unfinished
On Street
Address Map
US
New York
Dutchess
Poughkeepsie City
12601
Morgan
1
Avenue
0
W74° 5' 11.1''
N41° 42' 17.8''
MLS Addon
Legacy Land & Homes LLC
Curtis Darragh
$0
$600,000
$600,000
$0
Active
$10,247
280000
131300-6162-72-453138-0000
5
4
4
$0
$0
1
0 Sqft
Square Feet
No Common Walls
Route 44/55 (aka the arterial) West to right onto Corlies Ave, to left onto Mansion Street to right onto Morgan Avenue, to #1 on right side.
Warring Magnet Acad Of Sci & Tech
Poughkeepsie High School
Poughkeepsie Middle School
0
1
22/09/2023
H-16112
LEGACY
Public Sewer
A