Active Save Request In-Person Tour Request Virtual Tour
Newburgh,NY 12550
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6322675
Originating Board onekey2
Rental Info No
Annual Tax Amount $9,890
Lot Size 2,339 Sqft
Acres 0.0537
Property 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.
Location
State NY
County Orange County
Interior
Heating Heat Pump,Natural Gas
Cooling Ductless
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features On Street
Building
Sewer Public Sewer
Water Public
Schools
School District Newburgh
Others
Special Listing Condition None