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138 Montgomery Street
Poughkeepsie NY 12601 US

$745,000

Active Listing ID 803985
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5 bed
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2.00 Bath (2 Full)
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Lot: 0.49 Acres
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Quadruplex

$745,000

Active Listing ID 803985
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138 Montgomery Street 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!

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Property Features

  • Facts
  • Lot Size: 0.49 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 2
  • Heating Fuels: Baseboard

School Information

  • School
  • Gov George Clinton School(Elementary)
  • Poughkeepsie Middle School(MiddleSchool)
  • Poughkeepsie High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 745000
  • unparsedaddress: 138 Montgomery Street
  • postalcity: Poughkeepsie
  • stateorprovince: NY
  • country: US
  • postalcode: 12601
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.49
  • lotsizeunits: Acres
  • lotsizearea: 0.49
  • livingarea: 2000
  • livingareaunits: Square Feet
  • latitude: 41.699173
  • longitude: -73.923605
  • listagentfullname: Justin M. LaFalce
  • listagentemail: jlafalce@kw.com
  • listagentkey: 3yd-MLSLINY-51859
  • listagentmlsid: 51859
  • listagentpreferredphone: 8452245792
  • listagentofficephone: 9149620007
  • listofficekey: 3yd-MLSLINY-KELWIL05
  • listagentstatelicense: 10401329157
  • listofficemlsid: KELWIL05
  • disclaimer: Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1900
  • listingcontractdate: 2024-12-10
  • listagenturl: http://KWRPREALTY.COM
  • countyorparish: Dutchess County
  • parcelnumber: 131300-6161-22-178928-0000
  • elementaryschool: Gov George Clinton School
  • highschool: Poughkeepsie High School
  • elementaryschooldistrict: Poughkeepsie City
  • middleorjuniorschooldistrict: Poughkeepsie City
  • highschooldistrict: Poughkeepsie City
  • constructionmaterials: Frame
  • heating: Baseboard
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 35
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Colonial
  • rooms: Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -73.92361, 41.699173
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty Partners", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jlafalce@kw.com", "ListBrokerageCity":"Baldwin Place", "ListBrokerageCountry":"US", "ListBrokerageEmail":"marcc@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/104/410698/20200409154824627.png", "ListBrokerageName":"Keller Williams Realty Partners", "ListBrokeragePhone":"(914) 962-0007", "ListBrokeragePostalCode":"10505", "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"57 Route 6", "ListBrokerageWebsiteUrl":"http://KWRPREALTY.COM", "ListOfficeAddress1":"2537 NY 52 Ste. 1", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"3200", "ListOfficeCity":"Hopewell Junction", "ListOfficeCountry":"US", "ListOfficeEmail":"mca@kw673.com", "ListOfficePostalCode":"12533", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Colonial, Quadruplex - Poughkeepsie, NY", "ListingURL":"https://listings.listhub.net/pages/MLSLINY/803985/?channel=rexren", "MLSModificationTimestamp":"2024-12-10T19:40:37Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10713.94, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/11/2024 7:10:50 AM GMT
Source Updated Date: 12/17/2024 6:42:50 AM GMT

Courtesy of: Justin M. LaFalce, Keller Williams Realty Partner, jlafalce@kw.com

Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.