1 Morgan Avenue Poughkeepsie, NY $ 600,000
1 Morgan Avenue
$ 600,000
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1 Morgan Avenue

Poughkeepsie, NY, 12601
$ 600,000
Bedrooms4 Baths4.0 Sq 5,160

Monthly Estimate*

$ 3,988

1 Morgan Avenue, Poughkeepsie, NY 12601 - Image 1

Multi-Family Home for sale in Poughkeepsie, NY

for $600,000 with 4 bedrooms and 4 full baths. This 5,160 square foot home was built in 1920 on a lot size of 0.1.

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!

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Multi-Family Active

Price

$ 600,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,247

Style

Two Story

Lot Size

0.1

Year Built

1920

Town/City

Poughkeepsie

County/Region

Dutchess

MLS | Web ID

H6291497

Features
Interior
Basement Unfinished
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General
Architectural Style Two Story
High School Poughkeepsie High School
High School District Poughkeepsie
NumberOfUnitsTotal 4
Lot Size Units Acres
Elementary School Warring Magnet Acad Of Sci & Tech
Middle/Junior High School Poughkeepsie Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Middle/Junior School District Poughkeepsie
Elementary School District Poughkeepsie
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* Excluded Features
List By
Curtis Darragh

Listing Agent

Legacy Land & Homes Llc

Broker

curt@legacylandandhomes.com

Email

Affordability Calculator

$4,842
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,988
Monthly Property Taxes
$854
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4101169 Elementary School
4100566 Middle School
Poughkeepsie High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$600,000 Listed Price

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1 Morgan Avenue, Poughkeepsie, NY, 12601 is a Multi-Family Home for sale at $600,000 with 5,160 sqft and a lot size of 0.1. 1 Morgan Avenue has 4 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 12601 which is in Poughkeepsie, NY