Price Reduced 5.01%
Price History
$399,000
8/7/2024
$379,000
10/18/2024
160 N Miller Street, Newburgh, NY, 12550
6 beds
2 Full baths
1900
Townhouse
Lucrative income producing investment property in historic City of Newburgh, NY with 10% Cap Rate with $39,936 in Net Operating Income. Located in the historic part of the up and coming City of Newburgh near the Newburgh Waterfront and minutes to Mount Saint Mary College, the Ferry to Beacon, Metro North to Beacon, I-84 and I-87. This classic townhouse style building has a rare 4 bedroom 2 story apartment and a lower level 2 bedroom apartment with rear entrance. Could be owner occupied with rental income or continue as purely an investment property. Four bedroom unit needs extensive renovations but could be restored to its former glory after current tenants move out at the end of September. Each unit has separate utilities and meters. Rents are fully covered by Section 8 with guaranteed payments and could continue moving forward. Additional Information: HeatingFuel:Oil Above Ground,
Status:
Active
Type:
Single-family residential
Units:
2
Heating:
Oil, Baseboard
Cooling:
None
Basement:
Partial
Parking:
On Street
Acreage:
0.08
Est. Taxes:
$5,844
Assessment
$220,000
Construction
Brick, Frame
Utilities
Trash Collection Public
Lot Description:
Near Public Transit, Near School, Near Shops, Level
Amenities:
Park
Middle School:
MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL
High School:
Newburgh Free Academy
School District:
Newburgh
Days on Market:
119
MLS #:
H6302287
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Corcoran Baer & McIntosh 845-500-0059