1. New York
  2. Poughkeepsie
  3. 1 Morgan Avenue
$600,000

1 Morgan Avenue, Poughkeepsie, NY 12601

  • 4 beds |
  • 4 baths |
  • 5,160 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $116/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. 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 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 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!

Listing Status:
Pending
Listing Office:
Legacy Land & Homes LLC : 845-206-9462
MLS ID:
817405

This listing courtesy of Legacy Land & Homes LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Warring Magnet Academy of Science and Technology

283 Mansion St, Poughkeepsie, NY, 12601

Grades 1-5

0.10 miles away

P

Poughkeepsie Middle School

55 College Ave, Poughkeepsie, NY, 12603

Grades 6-10

0.84 miles away

P

Poughkeepsie High School

70 Forbus St, Poughkeepsie, NY, 12603

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.