138 Montgomery Street, Poughkeepsie NY 12601

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$745,000

138 Montgomery Street, Poughkeepsie, NY 12601

bedrooms

bathrooms

square feet

2,000

Acreage

0.49

Open Houses

year built

1900

Full Baths

Half Baths

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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
Subdivision	-
County	Dutchess County
Elementary School	Gov George Clinton School
Middle School	Poughkeepsie Middle School
High School	Poughkeepsie High School

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Open houses

None scheduled.

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MLS number: 803985

Listing agent: Justin M. Lafalce #10401329157

Listing broker: Keller Williams Realty Partners (914) 962-0007

Last update: Wednesday, December 11 2024 at 5:10 a.m. EST

Kotohomes National