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1 Morgan Avenue

Poughkeepsie, NY 12601

4 beds
4 baths
5,160 sqft
4,356 sqft lot
$116 per sqft
1920 build
– on site

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!

Listing courtesy of ONEKEY / Legacy Land & Homes LLC

Last checked: Checking… • Last updated Nov 16, 2024 •

MLS# H6320528 —

The Building

Year Built:

1920
Architectural Style:

Two Story
Basement:

Unfinished
Common Walls:

No Common Walls
Building Area Units:

Square Feet

Room Dimensions

Living Area:

5160
Living Area Units:

Square Feet

Location

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.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Attached:

false
Lot Size Acres:

0.1
Lot Size Area:

0.1
Lot Size SqFt:

4356
Lot Size Units:

Acres
Lot Size Source:

Other
Parcel Number:

131300-6162-72-453138-0000

Listing Agent

Contact info:

Taxes

Tax Map Number:

131300-6162-72-453138-0000
Tax Annual Amount:

10247
Tax Assessed Value:

280000

Beds

Bedrooms Total:

4

Baths

Total Baths:

4
Full Baths:

4

Heating & Cooling

Heating:

Natural Gas, Hot Water
Cooling:

None
Cooling:

false

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Warring Magnet Acad Of Sci & Tech
Elementary School District:

Poughkeepsie
Middle Or Junior School:

Poughkeepsie Middle School
Middle Or Junior School District:

Poughkeepsie
High School:

Poughkeepsie High School
High School District:

Poughkeepsie

The Community

Senior Community:

false

Parking

Garage:

false
Attached Garage:

false
Parking Features:

On Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/29/24 Jul 29, 2024	Listed / Active	ONEKEY	$600,000	1102.4% (89.4% / YR)
4/2/12 Apr 2, 2012		ONEKEY	$49,900

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This multifamily located in College Hill, Poughkeepsie, NY 12601 is currently for sale for $600,000. 1 Morgan Avenue is a 5,160 square foot multifamily with 4 beds and 4 baths that has been on Estately for 115 days. 1 Morgan Avenue is in the College Hill neighborhood of Poughkeepsie and has a WalkScore® of 72, making it very walkable. This multifamily is in the attendance area of Poughkeepsie High School.

Listing Courtesy of: ONEKEY and Legacy Land & Homes LLC.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.