NY > Newburgh
Newburgh, NY 12550,161 W Parmenter ST
Newburgh, NY 12550,161 W Parmenter ST
Newburgh, NY 12550,161 W Parmenter ST
22
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$425,000
Est. payment /mo
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9 BD
3 BA
1,872 SqFt
Pending

161 W Parmenter ST Newburgh, NY 12550

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Duwayne Garth

Duwayne Garth

+1(917) 525-3207

UPDATED:

10/15/2024 08:24 PM

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

Listed by eXp Realty • 888-276-0630

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Duwayne Garth

EXP Realtor - BTRE Founder | License ID: 104001235738

+1(917) 525-3207

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161 W Parmenter ST