22
See all 22 photos
$425,000
Est. payment /mo
9 BD
3 BA
2,779 Sqft Lot
Pending
161 W Parmenter ST Newburgh, NY 12550
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UPDATED:
12/04/2024 10:48 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEYH6309416
Bedrooms 9
Full Baths 3
Originating Board onekey2
Rental Info No
Year Built 1924
Annual Tax Amount $6,420
Lot Size 2,779 Sqft
Acres 0.0638
Property Description
Fantastic investment opportunity or live rent-free in this spacious 3-family house located in the heart of Newburgh. Each unit offers comfort and functionality. The basement unit features 2 bedrooms, a cozy living room, a kitchen, and a full bath. The 1st-floor unit boasts 3 bedrooms, living room, kitchen, and a full bath. The 2nd-floor unit offers 4 bedrooms, a spacious living room, kitchen, and a full bath. Enjoy the convenience of a fenced-in backyard, perfect for outdoor gatherings or relaxation. This property is ideally situated close to transportation, shops, dining, and more, making it an attractive option for tenants and homeowners alike. The lower level unit (2 bed) is currently owner occupied, the first floor 3 bedroom ($1600) and second floor 4 bedroom ($1650) are month to month. Modest market rent of $1600, $1800 and $2000 respectively, the property would generate $65,000 rent roll/year. and an NOI of approx $50,000 - an 11.5% cap rate! Don miss out on this unique opportunity to invest in or reside in a versatile property.
Location
State NY
County Orange County
Interior
Interior Features First Floor Bedroom
Heating Natural Gas, Radiant
Cooling None
Flooring Hardwood
Fireplace No
Exterior
Parking Features On Street
Fence Fenced
Utilities Available Trash Collection Private
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
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 eXp Realty