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Patricia Sassi

[email protected] +1(845) 800-3937

$ 425,000

Est. payment -/mo

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Pending

161 W Parmenter ST Newburgh, NY 12550

9 Beds

3 Baths

2,779 Sqft Lot

UPDATED:

12/04/2024 10:48 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID KEYH6309416

Bedrooms 9

Full Baths 3

Originating Board onekey2

Rental Info No

Year Built 1924

Annual Tax Amount $6,420

Lot Size 2,779 Sqft

Acres 0.0638

Property Description

Fantastic investment opportunity or live rent-free in this spacious 3-family house located in the heart of Newburgh. Each unit offers comfort and functionality. The basement unit features 2 bedrooms, a cozy living room, a kitchen, and a full bath. The 1st-floor unit boasts 3 bedrooms, living room, kitchen, and a full bath. The 2nd-floor unit offers 4 bedrooms, a spacious living room, kitchen, and a full bath. Enjoy the convenience of a fenced-in backyard, perfect for outdoor gatherings or relaxation. This property is ideally situated close to transportation, shops, dining, and more, making it an attractive option for tenants and homeowners alike. The lower level unit (2 bed) is currently owner occupied, the first floor 3 bedroom ($1600) and second floor 4 bedroom ($1650) are month to month. Modest market rent of $1600, $1800 and $2000 respectively, the property would generate $65,000 rent roll/year. and an NOI of approx $50,000 - an 11.5% cap rate! Don miss out on this unique opportunity to invest in or reside in a versatile property.

Location

State NY

County Orange County

Interior

Interior Features First Floor Bedroom

Heating Natural Gas, Radiant

Cooling None

Flooring Hardwood

Fireplace No

Exterior

Parking Features On Street

Fence Fenced

Utilities Available Trash Collection Private

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Schools

Middle Schools Meadow Hill Global Explorations Magnet School

High Schools Newburgh Free Academy

School District Newburgh

Others

Senior Community No

Special Listing Condition None

Listed by eXp Realty

Patricia Sassi

Broker Associate | License ID: 30SA0943463

+1(845) 800-3937

Patricia Sassi

161 W Parmenter ST Newburgh, NY 12550

Key Details

Location

Interior

Exterior

Building

Schools

Others

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161 W Parmenter ST