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18 Old North Plank Rd

Balmville NY 12550

5528 sq. ft.
2.4 ac.
Multi-Family
Currently for sale - view listing

Overview

A/O 4/10 Showing for backup. Welcome to 18 Old North Plank Rd. Newburgh, NY. A rare investment of 8% cap rate! Buildings with a total of 8 apartments! Three 3-bedroom units and five 1-bedroom units. This 2.4-acre Property is perfectly situated on a corner lot. All units are occupied by tenants on a month-to-month lease. Separate utilities for each unit. Every tenant pays their own heat & electricity bill. See an income & expense sheet in the photos. 24-hour notice is required for showings. Proof of funds and/or pre-approval is required for a confirmed appointment. Grab this super deal before it's gone! Showings only on Tuesday. Appliances: Electric Water Heater BuildingAreaSource: Public Records, ConstructionDescription: Aluminum Siding, Vinyl Siding,

Features

5528 sq. ft. floor area
2.4 ac. lot size
Multi-Family

Property history for 18 Old North Plank Rd

2020
Sold
$375,000
30 Jan 2020 by Dennis Barr, of John J Lease REALTORS Inc

Happy sellers in Balmville

96%
96% of sellers in Balmville reported that their sale price either exceeded or met their price expectations.

Balmville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Balmville over the last 12 months.

Local market activity for multi families in Balmville

In the last 12 months, 3 multi families similar to 18 Old North Plank Rd, have been sold.

This represents a 90% increase in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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