Newburgh (City) NY, 12550
$799,000
Retail
Commercial
Details
ML#: H6322675
- # of Families: 5
- Sale or Rent:Sale
- Taxes: $9,890
- Status:Active
Description
Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully rented, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space plus 4 residential units above. The building went through extensive renovations since purchase -- New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2 water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc... High visibility for retail tenants with over 15000 cars per day is a boost for business.
More Property Details
Lot Size: 0.0537
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Heat Pump, Natural Gas
A/C: Ductless
Water: Public
Sewer: Public Sewer
Taxes: $9,890
School District: Newburgh
Listing Information provided courtesy of
Rand Commercial
845-294-3100