2 months on rocket

1 Morgan Ave, Poughkeepsie, NY, 12601

$600,000

Home List Price

$7,125*

Closing Credit

4 Bedrooms
4 Full Baths
5,160 SqFt
$116/SqFt
Multi
Schools Nearby

Location

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1 Morgan Ave, Poughkeepsie$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1920
HeatingNatural Gas, Hot Water
CoolingNone
BasementYes
MLS #H6291497
Lot Size0.10 Acres
StatusActive
(A)

About 1 Morgan Ave

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 6.25%+ cap rate, but there's room to grow, pro forma at current market rent puts this over 7.5 cap rate! Presently, only 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 just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1920
  • Living Area: 5,160 SqFt

Listing Office:

  • Office Name: Legacy Land & Homes LLC
  • Office Phone: (845) 206-9462

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: None

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $116/SqFt

Tax Information:

  • Annual Amount: $4,279
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Poughkeepsie, NY.

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Poughkeepsie, NY

City

Med. Sold Price

$364.4K

Med. Price/SqFt

$191

Avg. Days On Market

66

# of Sold Homes

55

1 Morgan Ave vs Poughkeepsie

61 DAYS ON ROCKET

-5 Days

$600,000

+$235.6K More

$116/SqFt

-$76 Less

KEY TAKEAWAY

This property is $235.6K more than the Median Sold Price and $76/SqFt less than other homes in Poughkeepsie, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6291497

Listing Office:

  • Office Name: Legacy Land & Homes LLC
  • Office Phone: (845) 206-9462

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/27/2024, 11:56:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 09, 2019Home Sold
$220,000
Jun 12, 2015Home Sold
$195,000
Apr 20, 2012Home Sold
$49,900

Tax History

YEARPROP. TAXASSESSMENT
2020$4,279$220,000
2019$9,979$220,000
2018$12,284$220,000
2017$11,876$220,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1773707
4
/10

  • Warring Magnet Academy of Science and Technology

  • 283 Mansion St

  • 0.11 miles

  • Public Magnet Grades KG-5

school-card-donut-1773708
2
/10

  • Morse Young Magnet School

  • 101 Mansion St

  • 0.63 miles

  • Public Magnet Grades KG-5

school-card-donut-1773709
5
/10

  • Gov George Clinton School

  • 100 Montgomery St

  • 0.76 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,973. The majority of Poughkeepsie, NY residents have income less than $35k annually. Typical family type is single, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Dutchess County›Poughkeepsie›12601›1 Morgan Ave

This home is located at 1 Morgan Ave in Poughkeepsie, NY and zip code 12601. This 5,160 square foot home, which was built in 1920, sits on a 0.10 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $600,000.

Over 21 listings were sold over their listed price in March 2024 in Poughkeepsie, NY. In the same period over 26 listings were sold below the listed price and 8 listings were sold for the listed price. The number of listings in Poughkeepsie, NY increased by 6.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 66 days, the median list price was $364,400.

From Rocket Homes Real Estate and based on county public records data.

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