1 Morgan Avenue Poughkeepsie City NY, 12601 Poughkeepsie
$600,000
4 Beds / 4 Full Baths | ML# H6320528
Property Picture

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!

    Brian Phillips Team - Douglas Elliman
    Brian Phillips Licensed Associate Real Estate Broker 212-531-7726 bphillips@elliman.com