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231 3rd St, Newburgh, NY 12550
24 Beds
11 Baths
8,804 sqft

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Rare investment opportunity! 10 unit, turnkey portfolio for sale in the up and coming city of Newburgh, NY. The portfolio is comprised of five duplexes including: 231 3rd St, 32 Concord St, 34 Concord St, 61 Hasbrouck St and 72 Hasbrouck St. All the properties have undergone improvements and the apartments have been rehabilitated and well-maintained. Separate meters for gas, electric and w/s have been installed at each property, so tenants pay all utilities. Below market rents create a potential upside & in addition, 3 of the 5 properties are located within a qualified opportunity zone, providing an economic incentive for an investor. The properties are located in close proximity to downtown Newburgh's shops, restaurants, parks, museums, galleries, the waterfront & multiple forms of transportation, including a ferry to Beacon. All properties are located within a short drive of I-84, I-87, Route 9W and Route 17K . PROOF OF FUNDS REQUIRED PRIOR TO SHOWING!
  • Price:
  • $799,000
  • Bedrooms:
  • 24
  • Full Baths:
  • 11
  • Square Footage:
  • 8,804
  • Acreage:
  • 0.08
  • Year Built:
  • 1890
  • Listing ID #:
  • 4844568
  • Street Address:
  • 231 3rd St
  • City:
  • Newburgh
  • State:
  • New York
  • Postal Code:
  • 12550
  • County:
  • Orange County
  • Listing Status:
  • Active
4
out of 5

Fostertown Etc Magnet School
Public
K-5
670 students
12 student/
teacher
  • Amenities:
  • Close To Bus, Close To Park, Close To Shops, Porch
  • Siding:
  • Brick, Vinyl
  • Square Footage Source:
  • Municipality
  • Total Building Square Footage:
  • 8804
  • Year Built:
  • 1890
  • Lot Description:
  • Level
  • Property Taxes:
  • $16,450
  • Tax Year:
  • 2017
  • Parking Description:
  • Street Parking
  • Cooling System:
  • None, Window Units
  • Heating:
  • Forced Air, Radiant
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Municipal
  • Water Heater:
  • Gas Stand Alone
  • Water Amenities:
  • Municipal
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$

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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By: James F. Walker of Keller Williams Hudsn Vly Untd
  • HUDSON
  • Schools information provided by ATTOM

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