Here's an opportunity to own a versatile commercial property with two buildings and a total of 9 units. 7 units in the first building and 2 units in the second. Currently fully rented, the property offers established rental income and multiple revenue streams, making it an attractive addition to an investment portfolio. But the possibilities don't stop there. This property could also be an excellent option for an owner-occupant looking for their place to call home while benefiting from rental income from the remaining units. The existing rent roll can help offset ownership expenses and support your investment strategy, creating an appealing combination of business use and income-producing space. Whether you're an investor seeking a fully rented property with multiple income streams or an owner-user looking for a place to reside while generating rental income, this property offers flexibility and potential. With two buildings, nine units, established rental income, and the option for owner occupancy, this is an opportunity worth taking a closer look at.
| MLS # | 1039787 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1938 |
| Days On Site | 69 |
| Listing Provided By | Century 21 Alliance Rlty Group | Anthony DeGelormo |
| SQ Feet | 8,733 |
|---|---|
| Basement | Y |
| Units | 9 |
| Acreage | 3.20 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Hot Water |
| Construction Materials | Wood Siding |
|---|
| Parking Features | Driveway, Garage, Private |
|---|
| Utilities | Electricity Connected |
|---|---|
| Sewer | Septic Tank |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 190900 |
| Tax Annual Amount | 22197.41 |
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Fostertown Etc Magnet School |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $1,200,000 low | high Med: $398,893 sqft: 8,733 low | high Med: 2,476 $ / sqft: $137 low | high Med: $161 On site: 69 low | high Med: 170 | |
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Fostertown Etc Magnet School |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $1,200,000 low | high Med: $398,893 sqft: 8,733 low | high Med: 2,476 $ / sqft: $137 low | high Med: $161 On site: 69 low | high Med: 170 | |