$600,000 Price Analysis    ♡   Poughkeepsie, NY 12601 4 bed 4 bath 5,160 SqFt ($116/SqFt) 4,356SqFt lot. Built 1920 Listed 2024-02-26, Taxes $10,247 | Ⓧ USDA Ineligible due to location near Poughkeepsie |
Attention Investors!
Passive income is the key to financial freedm and this property is a cash cow. Extraordinary investment opportunity nestled in the heart of Poughkeepsie, Brand 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, 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 entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Presented by Curtis C Darragh at
Legacy Land & Homes LLC.
Property MLS #H6291497 from OneKeyMLS
Full Bathrooms: 4
Basement Description: Unfinished
Lot Size Square Feet: 4356
Calculated Total Monthly Association Fees: 0
Elementary School District: Poughkeepsie
High School: Poughkeepsie High School
High School District: Poughkeepsie
Middle School: Poughkeepsie Middle School
Middle or Junior School District: Poughkeepsie
Map directions Map directions Map directions Map directionsNumber of 1 Bedroom Units: 4
Source Listing Status: Active
County: Dutchess
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.
List Price Low: 600000
Source Property Type: Residential Income
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Owner Pays: Insurance
Parcel Number: 131300-6162-72-453138-0000
Postal City: Poughkeepsie
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $231,000 + $49,000 $280,000 | $10,247 |
| 2022 | $171,000 + $49,000 $220,000 | $9,684 |
| 2021 | $171,000 + $49,000 $220,000 | $9,104 |
| 2020 | $171,000 + $49,000 $220,000 | $9,979 |
| 2017 | $171,000 + $49,000 $220,000 | $11,876 |
| 2016 | $171,000 + $49,000 $220,000 | $10,514 |
| 2015 | $171,000 + $49,000 $220,000 | $10,362 |
| 2014 | $238,500 + $49,000 $287,500 | $5,333 |
| 2014 | $171,000 + $49,000 $220,000 | $10,898 |
| 2013 | $253,600 + $49,000 $302,600 | $4,971 |
| 2012 | $263,000 + $49,000 $312,000 | $4,792 |
| 2011 | $290,100 + $49,000 $339,100 | $20,953 |
| 2010 | $319,600 + $49,000 $368,600 | $8,772 |
$239,900
OneKeyMLS
Listed 2024-02-26
$600,000
OneKeyMLS
Listing removed 2024-02-03
$239,900
OneKeyMLS
Listing removed 2024-01-23
$600,000
OneKeyMLS
Listed 2023-09-22
$600,000
OneKeyMLS
Sold 2019-07-29
$220,000
MidHudson
Listing removed 2019-04-24
$239,900
MidHudson
Listing removed 2019-04-16
$0
MidHudson
Listing removed 2019-04-15
$239,900
MidHudson
Sold 2015-06-12
$195,000
Public Record
Listing removed 2015-05-21
$199,000
MidHudson
Listing removed 2015-05-21
$189,000
UlsterCounty
Listing removed 2015-05-19
$199,000
HudsonGatewayMLS
Sold 2015-05-17
$195,000
UlsterCounty
Price Changed 2015-03-29
$199,000
MidHudson
Price Changed 2015-01-04
$199,000
HudsonGatewayMLS
Price Changed 2015-01-04
$189,000
UlsterCounty
Price Changed 2014-08-18
$199,000
UlsterCounty
Price Changed 2014-08-09
$210,000
MidHudson
Price Changed 2014-08-02
$210,000
HudsonGatewayMLS
Price Changed 2014-08-02
$210,000
UlsterCounty
Listed 2014-07-04
$216,000
HudsonGatewayMLS
Listed 2014-07-02
$216,000
UlsterCounty
Listed 2014-07-02
$216,000
MidHudson
Sold 2012-04-20
$49,900
Public Record
Listing removed 2012-03-14
$49,900
MidHudson
Listed 2012-02-16
$49,900
MidHudson
Listed 1900-01-01
$239,900
MidHudson
Year Built: 1920
Common Walls: No Common Walls
Property Age: 104
Architectural Style: Two Story
Water Source: Public
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.