Poughkeepsie NY, 12601
$745,000
Single Family
For Sale
5 Beds
, 2 Full Bath
Details
ML#: 803985
- Style: Colonial
- # of Families: 3
- Year Built: 1900
- Taxes: $10,714
- Status:Active
Description
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!
More Property Details
Bedroom: 5
Full Bath: 2
Lot Size: 0.49
Lot Sq Ft: 21344
Garage: 26.0
Parking Spaces: Yes
Parking Spaces: 35
Heat: Baseboard, Natural Gas
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $10,714
Maintenance: $2,246
School District: Gov George Clinton School