160 N Miller Street, Newburgh, (Newburgh City), NY, 12550
6 beds
2 Full baths
1900
Townhouse
1,584 sqft
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.
Status:
Active
Town:
Newburgh
Type:
Multi-family
Units:
2
Heating:
Oil, Baseboard
Cooling:
None
Basement:
Partial
Parking:
On Street
Acreage:
0.08
Est. Taxes:
$5,844
Assessment
$220,000
Construction
Frame, Brick
Lot Description:
Level, Near Public Transit
Elementary School:
Magnet Sch of Math Science & Design
Middle School:
Call Listing Agent
High School:
Newburgh Free Academy
School District:
Newburgh
MLS #:
H6302287
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Corcoran Baer & McIntosh 845-500-0059