Homes for sale - 476 Broadway, Newburgh, NY 12550

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DEXTER PHILLIP

dexter.phillip@exprealty.com +1(917) 809-9210

$ 525,000

Est. payment | -/mo

3 Beds

3 Baths

2,204 Sqft Lot

Save

$ 525,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,204 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID KEYH6331893

Bedrooms 3

Full Baths 2

Half Baths 1

Originating Board onekey2

Rental Info No

Year Built 1900

Annual Tax Amount $9,425

Lot Size 2,204 Sqft

Acres 0.0506

Property Description

This well-maintained property offers an exceptional opportunity for investors seeking reliable rental income and the potential to increase cash flow. The property features a vacant street-level storefront, previously leased at $2,000/month, presenting an open canvas for a new retail business or office tenant. With a large, versatile space and convenient rear entry leading to municipal parking, this storefront is highly appealing to small business owners looking for ease of access. Residential income comes from two fully occupied units on the upper floors. The 2nd-floor unit is a 2-bedroom apartment, currently rented for $1,400/month. The 3rd-floor unit is a 1-bedroom apartment, generating $1,200/month. Both apartments have been recently updated, including kitchens, bathrooms, and flooring. Tenants pay all utilities (gas and electric), while the landlord covers water, sanitation, exterminator services, taxes, and insurance, with estimated annual expenses under $14,000. The property boasts high-efficiency gas boilers (residential units) and updated electrical systems, ensuring low maintenance costs and energy savings. This investment offers immediate income from residential leases (both units are month-to-month), with the added opportunity to lease the vacant storefront at market rates. Whether you're a seasoned investor or looking to diversify, this property’s strong income potential and strategic location make it a perfect addition to any portfolio.

Location

State NY

County Orange County

Interior

Heating Natural Gas, Hot Water

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Utilities Available Trash Collection Public

Building

Sewer Public Sewer

Water Public

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 Rising Star Realty

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

476 Broadway Newburgh, NY 12550