Newburgh (City), NY 12550

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 6 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.07 Acres

Financials

Price:$419,000
Annual Taxes:$4,685.60
44 W 24th St, New York, NY 10010, USA
Phone:
Listing Courtesy of Avion

Discover a fantastic investment opportunity in the vibrant city of Newburgh with this charming 3 unit property that promises both comfort and profitability.

Description

Discover a fantastic investment opportunity in the vibrant city of Newburgh with this charming 3-unit property that promises both comfort and profitability. All units are currently rented, generating income at an impressive 11% cap rate, making it an ideal choice for investors and homeowners alike. The first floor features a well-appointed 2-bedroom, 1-bath apartment with a cozy atmosphere and spacious living areas appreciated by current tenants. The first floor also features a studio room and bathroom which can be used for commercial/retail. The second-floor unit is a spacious 3-bedroom, 1-bath apartment with access to a beautifully finished attic, offering versatility for use as a home office, playroom, or storage. With its prime location in Newburgh, known for cultural richness and growth potential, this property offers convenient access to local amenities and a thriving neighborhood with a strong sense of community. Whether you're looking to expand your investment portfolio or seeking a home that pays for itself, this 3-unit property in Newburgh offers the best of both worlds. Don’t miss this chance to invest in a promising property in a dynamic city.

Amenities

  • Cable Connected
  • Cleared
  • Eat-in Kitchen
  • Electricity Connected
  • Entrance Foyer
  • Formal Dining
  • High ceiling
  • Natural Gas Connected
  • Natural Woodwork
  • Open Floorplan
  • Open Kitchen
  • Original Details
  • Pantry
  • Phone Connected
  • Sewer Connected
  • Washer/Dryer Hookup
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.