Homes for sale - 138 Montgomery ST, Poughkeepsie, NY 12601

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Danielle Della Pella

danielledp@corcoranlegends.com +1(914) 564-9717

$ 745,000

Est. payment | -/mo

5 Beds

2 Baths

0.49 Acres Lot

Save

$ 745,000

Est. payment | -/mo

Save

5 Beds

2 Baths

0.49 Acres Lot

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

Listed by Keller Williams Realty Partner

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 564-9717

danielledp@corcoranlegends.com

68 Main St, Irvington, NY, 10533, USA

138 Montgomery ST Poughkeepsie, NY 12601