1 Morgan Avenue
Poughkeepsie, NY 12601
- 4 beds
- 4 baths
- – sqft
- 4,356 sqft lot
- 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 Dec 11, 2024
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MLS# H6320528 —
The Building
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Year Built:1920
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Basement:true
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Number Of Units Total:4
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Building Area Total:5160
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Building Area Source:Public Records
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Attic:Unfinished
Interior
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Levels:Two
Financial & Terms
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Tenant Pays:Electricity, Gas
The Property
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Lot Features:Near School
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Lot Size Area:0.1
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Lot Size Acres:0.1
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Parcel Number:131300-6162-72-453138-0000
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Property Type:Residential Income
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Property Sub Type:Quadruplex
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Lot Size Square Feet:4,356 Sqft
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Property Attached:false
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Sprinkler SystemNo
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Additional Parcel:No
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Waterfront:false
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Water Access:No
Listing Agent
- Contact info:
- Agent phone:
- (845) 518-7526
- Office phone:
- (845) 206-9462
Taxes
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Tax Year:2023
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Tax Source:Municipality
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Tax Annual Amount:10247
Beds
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Bedrooms Total:4
Baths
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Bathrooms Full:4
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Bathrooms Total:4
Heating & Cooling
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Heating:Natural Gas, Radiant
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Cooling:None
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Number Of Heat Units:4
Utilities
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Sewer:Public Sewer
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Utilities:Trash Collection Public
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Water Source:Public
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Electric Company:Central Hudson
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Water Sewer Expense:1710
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Number Of Separate Gas Meters:4
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Number Of Separate Electric Meters:5
Schools
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High School:Poughkeepsie High School
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Elementary School:Warring Magnet Acad Of Sci & Tech
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High School District:Poughkeepsie City
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Middle School:Poughkeepsie Middle School
The Community
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Association:false
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Seasonal:No
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Senior Community:false
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Additional Fees:No
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Trash Expense:3533
Parking
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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 |
|---|---|---|---|---|
|
11/16/24
Nov 16, 2024
|
Listed / Active | ONEKEY | $600,000 | 172.7% (32.6% / YR) |
|
7/29/19
Jul 29, 2019
|
ONEKEY | $220,000 | 12.8% (3.0% / YR) | |
|
5/13/15
May 13, 2015
|
ONEKEY | $195,000 | 290.8% (93.5% / YR) |
