160 N Miller Street Newburgh, NY 12550
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyOrange
- Taxes$5,844
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID NumberH6302287
- Home Size Source N/A
- Year Built1900
- Lot Size0.08 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Townhouse
- Construction FrameBrick
- Parking On Street
- Sewer Public Sewer
- Basement Partial
- Acreage 0.08
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling None
- Heating OilBaseboard
- Flooring Hardwood
- Interior Eat-in Kitchen
Exterior Features
- Lot LevelNear Public Transit
Community Features
- Township Newburgh
- Community Features Park
- Senior Community No