1 Morgan Avenue
$600,000
4
4
5,160
5,160
$116
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!
- Listed by Curtis Darragh • Legacy Land & Homes LLCP: (845)-206-9462 C: (845)-518-7526 curt@legacylandandhomes.com
Property Details for 1 Morgan Avenue
Architectural Style
Two Story
Garage Spaces.00
LISTING UPDATED: 10/31/2024 05:23 PM
Property Details for 1 Morgan Avenue
Status | Active |
---|---|
MLS # | H6320528 |
Days on Market | 111 |
Taxes | $10,247 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1920 |
Lot Size | 0.10 AC / 4,356 SF |
County | Dutchess County |
Building Information for 1 Morgan Avenue
Stories-Residences4Year Built1920Building Size-Lot Size0.10 AC / 4,356 SF
Property Information for 1 Morgan Avenue
Property History for 1 Morgan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
---|---|---|
Warring Magnet Academy Of Science And Technology Public1 to 5 | ||
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.
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