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160 Van Ness ST Newburgh, NY 12550
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Key Details
Sold Price $340,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6279613
Year Built 1970
Annual Tax Amount $11,345
Property Description
BRING YOUR BUSINESS and have additional income in this mixed use property in up and coming City of Newburgh, NY. This property offers a currently owner occupied one level office building of approximately 900 square feet with bathroom and unfinished basement plus a separate 3 family rental property that is fully occupied with leases in effect through May and Nov 2024. Gross rents are $57,600/Expenses $23,401 for net operating income of $34,199. Mechanicals are in good condition/office boiler is new. Tenants pay heat and electric and each have separate boilers and electrical meters. Landlord pays for water, hot water, sewer, and garbage. Apartments are natural gas, office building runs on oil. Municipal water and sewer. Ample parking in front of office (6 spaces) plus street parking and parking lot a few steps away. 48 Hours notice required for showings due need to inform tenants. This is a fantastic opportunity to stop paying rent on your business and have passive income to boot!
Location
State NY
County Orange
Zoning RL
Interior
Heating Natural Gas, Oil, Baseboard
Cooling Window Unit(s)
Building
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Schools
School District Newburgh
Others
Special Listing Condition None
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Bought with Howard Hanna Rand Realty