138 Montgomery Street
$745,000
5
2
2,000
2,000
$373
Description
Owner financing available! 138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add...Owner financing available! 138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add opportunity. The two-family dwelling has tons of potential for increased rental income. Additionally, the 26 garages are currently leased below market value, creating an immediate opportunity to increase revenue by adjusting rental rates. With its solid tenant base and untapped potential, 138 Montgomery is a promising investment for those seeking both steady cash flow and future upside. Current gross income of close to $95k with plenty of room to grow! Municipal water, sewer and natural gas. Excellent location, in the heart of Downtown, minutes to the Culinary, Marist College, Walkway over the Hudson, Poughkeepsie Train Station, local shops, restaurants, schools and more!
- Listed by Justin M. LaFalce • Keller Williams Realty PartnerP: (914)-962-0007 C: (845)-224-5792 jlafalce@kw.com
- Listed by Don Minichino • Keller Williams Realty PartnerP: (914)-962-0007 C: (845)-242-4381 dminichino@kwcommercial.com
Property Details for 138 Montgomery Street
Architectural Style
Colonial
Garage Spaces26.00
WaterfrontNo
LISTING UPDATED: 01/16/2025 07:00 PM
Property Details for 138 Montgomery Street
Status | Active |
---|---|
MLS # | 803985 |
Days on Market | 38 |
Taxes | $10,714 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Quadruplex |
Year Built | 1900 |
Lot Size | 0.49 AC / 21,344 SF |
County | Dutchess County |
Building Information for 138 Montgomery Street
Stories-Residences3Year Built1900Building Size-Lot Size0.49 AC / 21,344 SF
Property Information for 138 Montgomery Street
Public Records for 138 Montgomery Street
Taxable ValueLand$99,000Additions$231,000Total$330,000
Home Facts
Lot Size21,344 SqFtStyleOffice BuildingZoningR-2ACountyDUTCHESSAPN131300 6161-22-178928-0000
Schools near 138 Montgomery Street
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 5 |
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 | ||
Gov George Clinton School PublicK to 5 |
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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