161 W Parmenter ST Pending Save Request In-Person Tour Request Virtual Tour
Newburgh,NY 12550
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $227
MLS Listing ID H6309416
Style Two Story
Bedrooms 9
Full Baths 3
Originating Board onekey
Rental Info No
Year Built 1924
Annual Tax Amount $6,420
Lot Size 2,613 Sqft
Acres 0.06
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
Interior
Interior Features First Floor Bedroom
Heating Natural Gas,Hot Water
Cooling None
Flooring Hardwood
Fireplace No
Exterior
Garage On Street
Fence Fenced
Parking Type On Street
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Magnet Sch Of Math Science & Design
Middle Schools Call Listing Agent
High Schools Newburgh Free Academy
School District Newburgh
Others
Senior Community No
Special Listing Condition None