About 1 Morgan Avenue
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 6.25%+ cap rate, but there's room to grow, pro forma at current market rent puts this over 7.5 cap rate! Presently, only one unit is leased at market rent, 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!
Features of 1 Morgan Avenue
| MLS® # | H6291497 |
|---|---|
| Price | $600,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 5,160 |
| Acres | 0.10 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Two Story |
| Status | Active |
Community Information
| Address | 1 Morgan Avenue |
|---|---|
| City | Poughkeepsie City |
| County | Dutchess |
| State | NY |
| Zip Code | 12601 |
Additional Information
Listing Details
| Office | Legacy Land & Homes LLC |
|---|---|
| Office Contact | (845) 206-9462 |