New to the Market - Prime Investment Opportunity in the City of NewburghDiscover the potential of this unique multi-parcel property offering a rare combination of income, space, and future development opportunity. Situated on a double lot with additional building potential, this duplex presents an exceptional opportunity for investors or buyers with vision.The property features a two-unit dwelling. The first-floor unit offers a comfortable 1-bedroom, 1-bath layout with an enclosed back porch, perfect for added living space or storage. The upper unit includes 2-3 bedrooms and 2 full bathrooms, providing flexible living arrangements.The property was recently fully occupied and offers strong income potential. While the duplex does require some updating, it provides a solid foundation for value-add improvements. Recent updates include two new heating systems, a new water line, and conversion to natural gas.Outside, the oversized lot provides abundant parking and a large backyard area. As an added bonus, the sale includes an additional building lot on a separate deed-opening the door for future development or expansion.The property presents a fantastic opportunity for investors looking to maximize value and potential in a growing area.
Estimated Payment
$ 3,751.33 per month $3,028.87 Principal & Interest $547.75 Property Tax $174.71 Homeowner's InsuranceListing By
Agency Name: Picture It Sold, LLC
Agency Phone: 845-283-5494
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
290 1st Street | MLS# 876681
This multi-family property located at 290 1st Street , Newburgh, NY 12550 is currently listed for sale with an asking price of $599,000. 1st Street is located within the Newburgh school district. Search Newburgh real estate on www.cbamhomes.com today.