Multi Family 2-4 in Dutchess County
| MLS Number | 803985 |
|---|---|
| Address | 138 Montgomery Street, Poughkeepsie, NY 12601 show map |
| Price | $745,000 show mortgage calculator |
| Acres | 0.48999081726354 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | Gov George Clinton School |
| Jr High-Middle School | Poughkeepsie Middle School |
| High School | Poughkeepsie High School |
| Estimated Taxes | $10,714 |
| Total Apt Units | 3 |
| Total Bedrooms | 5 |
| # 2 Brs | 1 |
| # 3 Brs | 1 |
138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add opportunity. The two-family dwelling has tons of potential for increased rental income. Additionally, the 26 garages are currently leased below market value, creating an immediate opportunity to increase revenue by adjusting rental rates. With its solid tenant base and untapped potential, 138 Montgomery is a promising investment for those seeking both steady cash flow and future upside. Current gross income of close to $95k with plenty of room to grow! Municipal water, sewer and natural gas. Excellent location, in the heart of Downtown, minutes to the Culinary, Marist College, Walkway over the Hudson, Poughkeepsie Train Station, local shops, restaurants, schools and more!
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