For Sale
$805,000

138 Montgomery St Poughkeepsie, NY 12601

Mixed-use warehouse, high NOI, strong rental potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional value-add opportunity presents a 7,200 square foot mixed-use warehouse located at 138 Montgomery Street in Poughkeepsie, New York, 12601. The property boasts a strong 8.07% cap rate and a net operating income (NOI) of $64,952. The two-story building includes two residential units – one one-bedroom and one three-bedroom apartment – offering immediate rental income. Additionally, the property features 26 garage units and a workshop, currently occupied by the owner. Classic finishes in the apartments present a value-add opportunity to increase rental income through renovations. Tenants are responsible for gas and electric utilities. The existing storage unit rents are below market, providing further potential for increased revenue with exterior improvements. This property is being offered for sale by owner at $805,000 and presents a compelling investment in a high-demand area with a strong rental market. The property is classified as industrial, mixed-use, and self-storage. The lease type is gross, and the tenancy is multi-unit.

Highlights

  • Value-Add Opportunity in prime Downtown Poughkeepsie location.
  • Strong rental market with high occupancy potential.
  • High demand for garage and storage units, offering significant revenue potential.
  • Excellent opportunity for investor to increase property value through strategic improvements.

Property Details for 138 Montgomery St

Property type
Warehouses, Mixed-use properties
Square Feet
7,200 SF
Stories
2
Units
2

Location Insight

City
Poughkeepsie
County
Dutchess
State
New York
Latitude
41.6988169
Longitude
-73.9237884

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FAQs

What type of property is this?
Warehouse - Mixed-use warehouse, high NOI, strong rental potential.
Where is the warehouse located?
The property is located at 138 Montgomery St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: Value-Add Opportunity in prime Downtown Poughkeepsie location.; Strong rental market with high occupancy potential.; High demand for garage and storage units, offering significant revenue potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

Jeff Wright
Jeff Wright
Rich Edwards
Rich Edwards
Karl Hasselrot
Karl Hasselrot
Visit Broker Website

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Useful Information

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Montgomery St
Poughkeepsie, NY 12601

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Montgomery St
Poughkeepsie, NY 12601

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

138 Montgomery St
  • Jeff Wright
    Jeff Wright
  • Rich Edwards
    Rich Edwards
  • Karl Hasselrot
    Karl Hasselrot
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