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

  

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