Active
138 Montgomery Street
Poughkeepsie NY, 12601
$745,000
$372.50 per sqft
Active
5 Beds
2 Baths
2,000 sqft
Multi-family
Built in 1900
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!
803985
MLSⓇ ID
December 10, 2024
Listed
December 19, 2024
Updated
Map
138 Montgomery Street
Poughkeepsie NY, 12601
Interior Features
Bedrooms
5
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Other
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Natural Gas
Exterior/Building Features
Lot Size
0.49 Acres
Architectual Style
Colonial
Sewer
Public Sewer
School Information
School District
Poughkeepsie City
High School
Poughkeepsie High School
Elementary School
Gov George Clinton School
Other Property Details
Taxes
$10,714
Tax Frequency
Annually
Days on Market
9
Garage
Yes
Garage Spaces
26
Parking Total
35
View
No
County
Dutchess County
Water Source
Public
Pool
No
Listed by Justin M. LaFalce Don Minichino with Keller Williams Realty Partner
Listing Contact: 914-962-0007
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jake Garay shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 5:48 PM UTC, 12/19/2024