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Multi-Family & 26 Storage Units 138 Montgomery St

28 Unit Apartment Building $745,000 ($26,607/Unit) 8.46% Cap Rate Poughkeepsie, NY 12601

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Investment Highlights

2-Family with 26 Storage Garages - GREAT CASH FLOW
Downtown Poughkeepsie near US-44/55, US-9, Mid-Hudson Bridge

Value Add - Needs Interior/Exterior Upgrades

Executive Summary

138 Montgomery is a cash-flowing ($101k rent roll) fully-occupied residential/storage asset with a two-family dwelling (annual leases) and 26 garages (month-to-month). This is a great value-add play, as the dwelling is in need of interior and exterior aesthetic upgrades and garages are rented below market value.

Property Facts

Price	$745,000	Building Class	C
Price Per Unit	$26,607	Lot Size	0.49 AC
Sale Type	Investment	Building Size	4,000 SF
Cap Rate	8.46%	Average Occupancy	100%
No. Units	28	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1900/2014
Property Subtype	Apartment FlexLight Distribution	Parking Ratio	4/1,000 SF
Apartment Style	Single Family Home

Price	$745,000
Price Per Unit	$26,607
Sale Type	Investment
Cap Rate	8.46%
No. Units	28
Property Type	Multifamily
Property Subtype	Apartment FlexLight Distribution
Apartment Style	Single Family Home
Building Class	C
Lot Size	0.49 AC
Building Size	4,000 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1900/2014
Parking Ratio	4/1,000 SF