194 W Parmenter St

Newburgh NY 12550

0.13 ac.

Multi-Family

Currently for sale - view listing

Overview

The headache-free apartment building of your cash flow dreams! Six units filled with on-time tenants who take pride in their living spaces. Current owner has renovated over the last few years, and it shows: durable new bathrooms, kitchens, and flooring; well maintained hallways and comprehensive high-tech security systems; clean and tidy backyard and common spaces. Dig into the untapped rent roll potential and/or improve the massive backyard to add value-- there is space for parking already paved with room leftover for recreation (current tenants do not have yard access and are accustomed to on-street parking). No hassle, well maintained investment option near the large Delano-Hitch park in Newburgh (public pool, baseball and soccer pitches, new skate park, Recreational Center, playground) and Broadway corridor (small groceries, hand-dipped chocolate shop, a variety of restaurants, dollar stores, etc).