Water Views
Address
498 Liberty Street Newburgh, NY
Price
$ 450,000
Property Attributes
  • ID#H6108125
  • TypeContingent
  • CountyORANGE
  • CityNewburgh
  • AreaNewburgh City
  • NeighborhoodNewburgh
  • Zip12550
  • StyleTownhouse
  • Year Built1920
  • Taxes$ 11500
  • Price$ 450,000
  • Bedrooms9
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2981
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Amy C Wilhelm with Corcoran Baer & McIntosh
Data Source:
OneKey MLS
Property Description

Lucrative college rental at the edge of Mount Saint Mary campus in historic Newburgh, NY. In the heart of an up and coming area, this 3 family rental with Hudson River views is set up as student housing and boasts a 10% cap rate. The current owners have the business model down to a science and will assist the new owner with learning the ropes for a successful outcome. Three units (one 4 bedroom/2 bath duplex, one 3 bedroom/1 bath and one 2 bed/2 bath (top floor). Every unit has back deck. Mechanicals have been updated all within the past 5 years or so and these units are in good shape. Leases are in place through May 31, 2022. On campus housing is limited so the market is pretty much guaranteed. Notice need to show so as not to disturb the student's studies. Expand your portfolio with this unique opportunity!

Elementary School Middle School High School
Magnet Sch of Math Science & Design Elementary School Call Listing Agent Middle School Newburgh Free Academy High School
Price History
4/13/2021 Listed $450,000

General Features

Architectural Style Townhouse
Buildingareaunits Square Feet
Community Features Park
Construction Materials Brick, Frame, Stone
Cooling None
Elementary School Magnet Sch of Math Science & Design
Elementary School District Newburgh
Fuel Expense 7353.00
Garage Spaces 1.00
Garage Y/N Yes
Hamlet Newburgh
Heating Natural Gas, Hot Water
High School Newburgh Free Academy
High School District Newburgh
Hot Water Electric Stand Alone
Interior Features Eat-in Kitchen
Middle/Junior High School Call Listing Agent
Middle/Junior School District Newburgh
Numberofheatingzones 3
Parking Features Garage, On Street
Patio/Porch Features Deck
Property Attached Y/N Yes
Property SubType Multi Family
Property Type Residential Income
Sewer Public Sewer
Tax Annual Amount 11500.00
TaxAssessedValue 261400
Total Units 3
Trash Expense 1320.00
View Water
Village None

Exterior Features

Lot Features Level, Sloped, Near Public Transit
Lot Size Acres 0.0800
Lot Size Area 0.0800
Lot Size Source Other
Lot Size Square Feet 3498.00
Lot Size Units Acres
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Roadresponsibility Public Maintained Road
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 12550

Price
AVG $320K
$450K
Taxes
AVG $7,331
$11,500
Visits
AVG 80
7
Year Built
AVG 1956
1920

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