160 N Miller ST, Newburgh, NY 12550 - MLS#KEYH6302287

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David Da Silva

dealwithdasilva@gmail.com +1(862) 579-0577

$ 379,000

Est. payment | -/mo

6 Beds

2 Baths

3,463 Sqft Lot

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$ 379,000

Est. payment | -/mo

Save

6 Beds

2 Baths

3,463 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEYH6302287

Style Townhouse

Bedrooms 6

Full Baths 2

Originating Board onekey2

Rental Info No

Year Built 1900

Annual Tax Amount $5,844

Lot Size 3,463 Sqft

Acres 0.0795

Property Description

Lucrative income producing investment property in historic City of Newburgh, NY with 10% Cap Rate with $39,936 in Net Operating Income. Located in the historic part of the up and coming City of Newburgh near the Newburgh Waterfront and minutes to Mount Saint Mary College, the Ferry to Beacon, Metro North to Beacon, I-84 and I-87. This classic townhouse style building has a rare 4 bedroom 2 story apartment and a lower level 2 bedroom apartment with rear entrance. Could be owner occupied with rental income or continue as purely an investment property. Four bedroom unit needs extensive renovations but could be restored to its former glory after current tenants move out at the end of September. Each unit has separate utilities and meters. Rents are fully covered by Section 8 with guaranteed payments and could continue moving forward. Additional Information: HeatingFuel:Oil Above Ground,

Location

State NY

County Orange County

Rooms

Basement Partial

Interior

Interior Features Eat-in Kitchen

Heating Oil, Baseboard

Cooling None

Flooring Hardwood

Fireplace No

Appliance Electric Water Heater

Exterior

Garage On Street

Utilities Available Trash Collection Public

Amenities Available Park

Building

Lot Description Near Public Transit, Near School, Near Shops, Level

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Schools

Middle Schools Meadow Hill Global Explorations Magnet School

High Schools Newburgh Free Academy

School District Newburgh

Others

Senior Community No

Special Listing Condition None

Listed by Corcoran Baer & McIntosh

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David Da Silva

Broker Associate | License ID: 1863530

+1(862) 579-0577