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Multi Family 2-4 in Dutchess County
MLS Number803985
Address138 Montgomery Street, Poughkeepsie, NY 12601 show map
Price$745,000 show mortgage calculator
Acres0.48999081726354
Year Built1900
Est. Sq. Footage0
Elementary SchoolGov George Clinton School
Jr High-Middle SchoolPoughkeepsie Middle School
High SchoolPoughkeepsie High School
Estimated Taxes$10,714
Total Apt Units3
Total Bedrooms5
# 2 Brs1
# 3 Brs1
Remarks

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!

Amenities

This listing is Courtesy of Keller Williams Realty Partner (914-962-0007).

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