160 N Miller ST Active Save Request In-Person Tour Request Virtual Tour
Newburgh,NY 12550
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $239
MLS Listing ID H6302287
Style Townhouse
Bedrooms 6
Full Baths 2
Year Built 1900
Annual Tax Amount $5,844
Lot Size 3,484 Sqft
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.
Location
State NY
County Orange
Interior
Heating Oil,Baseboard
Cooling None
Flooring Hardwood
Exterior
Garage On Street
Building
Lot Description Level,Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Frame,Brick
Schools
Elementary Schools Magnet Sch Of Math Science & Design
Middle Schools Call Listing Agent
High Schools Newburgh Free Academy
School District Newburgh
Others
Special Listing Condition None