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Bobby Gellert

[email protected] +1(914) 215-4307

$ 379,000

Est. payment -/mo

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Price Dropped by $20K

160 N Miller ST Newburgh, NY 12550

6 Beds

2 Baths

1,584 SqFt

UPDATED:

10/18/2024 08:26 PM

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

Originating Board onekey

Rental Info No

Year Built 1900

Annual Tax Amount $5,844

Lot Size 3,484 Sqft

Acres 0.08

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

Rooms

Basement Partial

Interior

Interior Features Eat-in Kitchen

Heating Oil, Baseboard

Cooling None

Flooring Hardwood

Fireplace No

Exterior

Garage On Street

Parking Type On Street

Garage false

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

Senior Community No

Special Listing Condition None

Listed by Corcoran Baer & McIntosh • 845-500-0059

Bobby Gellert

License ID: 49GE1011364

+1(914) 215-4307

Bobby Gellert

160 N Miller ST Newburgh, NY 12550

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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160 N Miller ST