1 Morgan Avenue

Poughkeepsie, NY 12601

$600,000
Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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 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...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!
  1. Listed by Curtis Darragh • Legacy Land & Homes LLC
    P: (845)-206-9462 C: (845)-518-7526 curt@legacylandandhomes.com

Property Details for 1 Morgan Avenue

Waterfront
No
LISTING UPDATED: 12/06/2024 04:37 PM

Property Details for 1 Morgan Avenue

StatusActive
MLS #H6320528
Days on Market153
Taxes$10,247 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeQuadruplex
Year Built1920
Lot Size0.10 AC / 4,356 SF
CountyDutchess County

Building Information for 1 Morgan Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 1 Morgan Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: 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.
  • Property Attached: No
  • Structure Type: false
  • Levels: Two
  • State Or Province: NY
School Information
  • School District: Poughkeepsie City
  • Elementary School: Warring Magnet Acad Of Sci & Tech
  • Middle Or Junior School: Poughkeepsie Middle School
  • High School District: Poughkeepsie City
  • High School: Poughkeepsie High School
Unit Information
Unit 1 Information
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,650.00
Unit 2 Information
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,515.00
Unit 3 Information
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,482.00
Unit 4 Information
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,300.00
Unit Information
  • Building Units Total: 4
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 131300-6162-72-453138-0000
  • Tax Assessed Value: $280,000.00
  • Tenant Pays: Electricity,Gas
  • Additional Fees: 0
Income & Expenses Information
Income & Expenses Information
  • Trash Expense: $3,533.00
  • Other Expense: $517.00
Interior and Exterior Features
Interior Features
  • Amenities: Public
  • Basement: Unfinished
Exterior Features
  • Exterior Property Features: On Street, Near School
  • Elevation Certificate: No
Lot Information
  • Lot Features: Near School
  • Site Features: Near School
Parking
  • Parking Features: On Street
Utilities
  • Cooling: None
  • Heating: Natural Gas, Radiant
  • Heat Fuel Type: Natural Gas, Radiant
  • Number Of Separate Gas Meters: 4
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Trash Collection Public
  • Number Of Separate Electric Meters: 5
Green Features
  • Green Features: Natural Gas, Radiant

Property History for 1 Morgan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Morgan Avenue

Taxable ValueLand$53,900Additions$254,100Total$308,000
Home Facts
Total Finished SqFt3,440 SqFtAbove Grade Finished SqFt3,440 SqFtUnfinished Basement SqFt1,720 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1980ZoningR-4CountyDUTCHESSAPN131300 6162-72-453138-0000

Schools near 1 Morgan Avenue

This home is within Poughkeepsie City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Poughkeepsie Middle School
Public6 to 8

Poughkeepsie High School
Public9 to 12

Morse Young Magnet School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1 Morgan Avenue is a multi-family home for sale in Poughkeepsie, NY 12601. This property was listed for sale on July 29, 2024 by Legacy Land & Homes LLC, it's currently listed at $600,000. It has been on the market for a total of 153 days and was last sold on July 29, 2019. This listing's school district is Poughkeepsie City School District. Nearby schools include Warring Magnet Academy Of Science And Technology, Poughkeepsie Middle School and Poughkeepsie High School. 1 Morgan Avenue is a 4-bed, 4-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Legacy Land & Homes LLC

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