138 Montgomery ST Active Save Request In-Person Tour Request Virtual Tour
Poughkeepsie,NY 12601
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY803985
Style Colonial
Bedrooms 5
Full Baths 2
Originating Board onekey2
Rental Info No
Year Built 1900
Annual Tax Amount $10,713
Lot Size 0.490 Acres
Acres 0.49
Property 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!
Location
State NY
County Dutchess County
Rooms
Basement Unfinished
Interior
Interior Features Other
Heating Baseboard,Natural Gas
Cooling None
Fireplace No
Exterior
Garage Spaces 26.0
Utilities Available Cable Connected,Electricity Connected
Total Parking Spaces 35
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Gov George Clinton School
Middle Schools Poughkeepsie Middle School
High Schools Poughkeepsie High School
School District Poughkeepsie City
Others
Senior Community No
Special Listing Condition None