1 Morgan Avenue

Poughkeepsie, NY 12601

$600,000
Price
4
Beds
4
Baths
5,160 Sq. Ft.
$116 / Sq. Ft.
5,160
Sq. Ft.
$116
per Sq. Ft.

Description

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,...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!
  1. Listed by Curtis Darragh • Legacy Land & Homes LLC
    P: 845-206-9462 C: 845-518-7526 curt@legacylandandhomes.com

Property Details for 1 Morgan Avenue

Architectural Style
Two Story
Garage Spaces
.00

Location

Listing Courtesy of Legacy Land & Homes LLC
Add your commute
LISTING UPDATED: 03/06/2024 04:39 PM

Property Details for 1 Morgan Avenue

StatusActive
MLS #H6291497
Days on Market63
Taxes$10,247 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.10 AC / 4,356 SF
CountyDutchess County

Location

Listing Courtesy of Legacy Land & Homes LLC
Add your commute

Building Information for 1 Morgan Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$4,128 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$854

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Morgan Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 99
  • 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.
  • Property Attached: No
  • Structure Type: false
  • Square Footage Source: Municipality
  • Lot Size Source: Other
  • State Or Province: NY
School Information
  • School District: Poughkeepsie
  • Elementary School District: Poughkeepsie
  • Elementary School: Warring Magnet Acad Of Sci & Tech
  • Middle Or Junior School District: Poughkeepsie
  • Middle Or Junior School: Poughkeepsie Middle School
  • High School District: Poughkeepsie
  • High School: Poughkeepsie High School
Unit Information
Unit 1 Information
  • Unit Type Unit Number: Unit_1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Baths Half: 0
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Living Area: 850
Unit 2 Information
  • Unit Type Unit Number: Unit_2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Baths Half: 0
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,550.00
  • Unit Type Living Area: 850
Unit 3 Information
  • Unit Type Unit Number: Unit_3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Baths Half: 0
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,273.00
  • Unit Type Living Area: 850
Unit 4 Information
  • Unit Type Unit Number: Unit_4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Baths Half: 0
  • Unit Type Leased: 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Living Area: 850
Unit Information
  • Number Of 1 Bedrooms: 4
  • Number Of 2 Bedrooms: 0
  • Number Of 3 Bedrooms: 0
  • Number Of 4 Bedrooms: 0
  • Building Units Total: 4
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 131300-6162-72-453138-0000
  • Tax Map Number: 131300-6162-72-453138-0000
  • Tax Assessed Value: $280,000.00
  • Tenant Pays: Electricity,Gas
Income & Expenses Information
Income & Expenses Information
  • Trash Expense: $3,533.00
  • Other Expense: $517.00
Interior and Exterior Features
Interior Features
  • Amenities: Public, Two Story
  • Living Area: 5160.0
  • Living Area Units: Square Feet
  • Basement: Unfinished
  • Location Amenities: 2 Story
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: On Street
  • Elevation Certificate: No
Lot Information
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Hot Water
  • Heat Fuel Type: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 4
  • Garbage Removal: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 5
Green Features
  • Green Features: Natural Gas, Hot Water

Property History for 1 Morgan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Morgan Avenue

Taxable ValueLand$53,900Additions$254,100Total$308,000
Home Facts
Total Finished SqFt3,440 SqFtAbove Grade Finished SqFt3,440 SqFtUnfinished Basement SqFt1,720 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1980ZoningR-4CountyDUTCHESSAPN131300 6162-72-453138-0000

Schools near 1 Morgan Avenue

This home is within Poughkeepsie City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 10
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Poughkeepsie Middle School
Public6 to 10

Poughkeepsie High School
Public9 to 12

Morse Young Magnet School
PublicK to 6

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.

Similar Homes

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1 Morgan Avenue is a multi-family home for sale in Poughkeepsie, NY 12601. This property was listed for sale on February 25, 2024 by Legacy Land & Homes LLC, it's currently listed at $600,000. It has been on the market for a total of 63 days and was last sold on July 29, 2019. This listing's school district is Poughkeepsie City School District. Nearby schools include Warring Magnet Academy Of Science And Technology, Poughkeepsie Middle School and Poughkeepsie High School. 1 Morgan Avenue is a 4-bed, 4-bath, 5,160 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Legacy Land & Homes LLC

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