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Tolga (Tony) Erzene

tony@notcityliving.com +1(973) 626-0175

$ 339,000

Est. payment | -/mo

3,001 Sqft Lot

Save

$ 339,000

Est. payment | -/mo

Save

3,001 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1035564

Rental Info No

Year Built 1968

Annual Tax Amount $4,685

Lot Size 3,001 Sqft

Acres 0.0689

Property Sub-Type Multi Family

Source onekey2

Property Description

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 beauty shop. 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

State NY

County Orange County

Rooms

Basement Unfinished

Interior

Heating Baseboard

Cooling Central Air

Fireplace No

Exterior

Parking Features On Street

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Building

Lot Description Cleared

Story 2

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Meadow Hill Global Explorations Magn

Middle Schools Meadow Hill Global Explorations Magnet School

High Schools Newburgh

School District Newburgh

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Avion • Avigder Samet

NEARBY SCHOOLS & PROPERTIES

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

72 Wisner AVE Newburgh, NY 12550