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!
Last checked:
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Last updated Oct 31, 2024
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MLS# H6320528 —
The Building
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Year Built:1920
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Architectural Style:Two Story
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Basement:Unfinished
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Common Walls:No Common Walls
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Building Area Units:Square Feet
Room Dimensions
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Living Area:5160
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Living Area Units:Square Feet
Location
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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
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Attached:false
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Lot Size Acres:0.1
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Lot Size Area:0.1
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Lot Size SqFt:4356
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Lot Size Units:Acres
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Lot Size Source:Other
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Parcel Number:131300-6162-72-453138-0000
Listing Agent
- Contact info:
- Agent phone:
- (845) 518-7526
- Office phone:
- (845) 206-9462
Taxes
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Tax Map Number:131300-6162-72-453138-0000
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Tax Annual Amount:10247
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Tax Assessed Value:280000
Beds
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Bedrooms Total:4
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Natural Gas, Hot Water
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Cooling:None
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Cooling:false
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Warring Magnet Acad Of Sci & Tech
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Elementary School District:Poughkeepsie
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Middle Or Junior School:Poughkeepsie Middle School
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Middle Or Junior School District:Poughkeepsie
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High School:Poughkeepsie High School
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High School District:Poughkeepsie
The Community
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Senior Community:false
Parking
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Garage:false
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Attached Garage:false
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Parking Features:On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
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 |
