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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.
| Location/Town | Newburgh (City) |
| Area/County | Orange County |
| Post Office/Postal City | Newburgh |
| Prop. Type | Single Family House for Sale |
| Style | Colonial |
| Tax | $4,686.00 |
| Bedrooms | 6 |
| Total Baths | 3 |
| Full Baths | 3 |
| Year Built | 1968 |
| Basement | Unfinished |
| Construction | Frame |
| Total Units | 2 |
| Lot SqFt | 3,000 |
| Cooling | Central Air |
| Heat Source | Baseboard |
| Util Incl | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| Condition | Actual |
| Days On Market | 1 |
| Lot Features | Cleared |
| Parking Features | On Street |
| Tax Assessed Value | 143000 |
| Tax Lot | 54 |
| Units | 2 |
| School District | Newburgh |
| Middle School | MEADOW HILL GLOBAL EXPLORATION |
| Elementary School | Meadow Hill Global Exploration |
| High School | Newburgh Free Academy |
| Features | Eat-in kitchen, entrance foyer, formal dining, high ceilings, natural woodwork, open floorplan, open kitchen, original details, pantry, washer/dryer hookup |
| Listing information courtesy of: Avion | |