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Single Family House for Sale in Newburgh, Newburgh (city), Orange County, NY 12550 | Web ID: 915636 | $599,000

 
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Property Description

Located In The Heart Of Newburgh’s Historic District, This Fully Leased Three-story Mixed-use Building On An Expanded Lot Includes A Commercial Storefront, A Garden-level Studio, And Two Full-floor Residential Apartments. The First Floor Features A Storefront Suitable For Retail, Office, Or Studio Use. Toward The Rear Is A Spacious Hallway That Leads To The Backyard, A Shared Laundry Room, And Access To The Garden-level Studio. The Studio Also Has A Private Exterior Entrance And Features Soaring Ceilings, Offering Versatility For Living Or Work Space. The Second And Third Floors Each Contain A Two-bedroom, One-bath Apartment. Both Residential Units Feature An Open Kitchen, Dining, And Living Area With Oak Flooring, Walk-in Closets, And Energy Star Stainless Steel Appliances. The Top-floor Bathroom Includes A Skylight That Brings In Natural Light. Outdoor Amenities Include A Shared Patio Area And Backyard, Along With Off-street Parking. There Is Also Remains Of A 3 Car Garage That Could Be Rebuilt For Additional Income. The Property Is Located Near Local Restaurants, Shops, Public Transportation, And The Waterfront, Within One Of Newburgh’s Architecturally Rich Neighborhoods. This Is A Mixed Use Building, Ideal For Investors - Tenants Are All On 12-24 Month Leases And All Pay On Time. Actual Rent Roll: Storefront – $600/month, Studio – $1, 745/month, Unit #2 – $2, 100/month, Unit #3 – $1, 800/month. Gross Income Approx. $75, 000, Net Income Approx. $50, 000.

Property Information

Location/Town Newburgh (City)
Area/County Orange County
Post Office/Postal City Newburgh
Prop. Type Single Family House for Sale
Tax $13,574.00
Bedrooms 4
Total Baths 3
Full Baths 3
Year Built 1900
Basement Full, Unfinished
Construction Brick, Frame
Total Units 4
Lot SqFt 6,000
Cooling None
Heat Source Baseboard, Heat Pump
Util Incl Trash Collection Private
Days On Market 34
Parking Features Driveway
Units 4
Features First floor full bath, ceiling fan(s), entrance foyer, recessed lighting, walk-in closet(s)
Listing information courtesy of: eXp Realty

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Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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