1 Morgan Avenue
Poughkeepsie,
NY
12601
- For Sale
- 4 Bedrooms
- 4 Full Baths
- 5160 SqFt
- Year Built 1920
- Misc
- ML# H6320528
Property Details
Overview
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!
Key Facts
- •SqFt: 5160.00
- •Lot Size: 0.1
- •Lot Sq Ft: 4356
- •Taxes: $10,247
- •School District#: 1
- •School District: Poughkeepsie City
- •Parking Spaces: Yes
- •Parking Facilities: On Street
- •Bedroom: 4
- •Full Bath: 4
- •Heat: Natural Gas, Radiant
- •A/C: None
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
Legacy Land & Homes LLC
845-206-9462
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS