New Listing - 06/22/2024
16 Lincoln Terrace, Newburgh, (Newburgh City), NY, 12550
6 beds
3 Full baths
1927
Multi Family
3,258 sqft
Nestled in the heart of Newburgh, this expansive 3-family home presents an unparalleled investment opportunity. The residence welcomes you with a generous covered front porch and features three distinct units, each offering 2 bedrooms, a kitchen, and a full bath. The first and second floors add a touch of elegance with their inviting dining rooms. Step outside into the fenced-in yard, where a charming patio provides a private outdoor escape with direct access to the first floor, seamlessly blending indoor and outdoor living. The strategic layout of this home harmonizes comfort, style, and impressive returns. Unit 1 rents for $2,300 per month, Unit 2 for $1,900 per month, and Unit 3 for $1,500 per month. This home has been cherished by the same family for 50 years, ensuring its exceptional upkeep and condition. Located in an up-and-coming area, this property is steps away from Downing Park, a 35-acre haven created by the designers of Central Park. The apartments are spacious, the first two floors are especially roomy, and the basement offers the potential to be finished into an in-law suite. This Newburgh gem offers both space and opportunity, making it an ideal investment that promises substantial rewards.
Status:
Active
Town:
Newburgh
Type:
Multi-family
Units:
3
Heating:
Natural Gas, Hot Water
Cooling:
None
Basement:
Full, Walk-Out Access
Parking:
Driveway
Acreage:
0.1
Est. Taxes:
$12,944
Assessment
$335,400
Construction
Brick, Vinyl Siding
Elementary School:
Magnet Sch of Math Science & Design
Middle School:
South Middle School
High School:
Newburgh Free Academy
School District:
Newburgh
MLS #:
H6311395
Community Info
School Info
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Listing courtesy of eXp Realty 888-276-0630