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352 1st Street

Newburgh NY 12550

4
4
0.08 ac.
Multi-Family
Currently for sale - view listing

Overview

Cash flowing and Value Add Opportunity! Unique opportunity to purchase this 4,500 square foot mix-use building located right off-Broadway, across from a historic landmark. Get the best of both worlds with this mix use property featuring two massive three-bedroom apartments, a garage, and two stores generating serious income, while tenants pay their own utilities. Enjoy the steady stream of income from the occupied units while you work on creating additional value through renovations. Commercial tenant available and ready to sign a lease for the commercial vacant commercial unit. Walking distance to Dawning Park, Mount Saint Mary College, Montefiore St. Luke's Hospital. Five-minute drive to I-84, 15-minute drive to Beacon Metro-North train station & Stewart Airport, 75-minute drive to Manhattan! Property is partially occupied, and you can start collecting rent the day you close! Rent roll is available upon request.

Features

4 bedrooms
4 bathrooms
0.08 ac. lot size
Multi-Family

Happy sellers in Newburgh

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

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

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

Local market activity for 4 bedroom multi families in Newburgh

In the last 12 months, 2 four-bedroom multi families similar to 352 1st Street, have been sold.

This represents a 34% increase in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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