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476 Broadway
Newburgh NY 12550 US

$525,000

Pending Listing ID H6331893
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3 bed
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3.00 Bath (2 Full , 1 Half)
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Lot: 0.05 Acres

$525,000

Pending Listing ID H6331893
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476 Broadway This well-maintained property offers an exceptional opportunity for investors seeking reliable rental income and the potential to increase cash flow. The property features a vacant street-level storefront, previously leased at $2, 000/month, presenting an open canvas for a new retail business or office tenant. With a large, versatile space and convenient rear entry leading to municipal parking, this storefront is highly appealing to small business owners looking for ease of access. Residential income comes from two fully occupied units on the upper floors. The 2nd-floor unit is a 2-bedroom apartment, currently rented for $1, 400/month. The 3rd-floor unit is a 1-bedroom apartment, generating $1, 200/month. Both apartments have been recently updated, including kitchens, bathrooms, and flooring. Tenants pay all utilities (gas and electric), while the landlord covers water, sanitation, exterminator services, taxes, and insurance, with estimated annual expenses under $14, 000. The property boasts high-efficiency gas boilers (residential units) and updated electrical systems, ensuring low maintenance costs and energy savings. This investment offers immediate income from residential leases (both units are month-to-month), with the added opportunity to lease the vacant storefront at market rates. Whether you're a seasoned investor or looking to diversify, this property's strong income potential and strategic location make it a perfect addition to any portfolio. BuildingAreaSource: Public Records, ParkingFeatures: On Street,

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Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Residential Multi Family
  • Features
  • Full Bathrooms: 2
  • 1/2 Bathrooms: 1
  • Cooling System: Wall Unit(s) A/C
  • Heating Fuels: Hot Water

School Information

  • School
  • Magnet Sch of Math Science & Design(Elementary)
  • Call Listing Agent(MiddleSchool)
  • Newburgh Free Academy(HighSchool)

Property

  • propertytype: Residential Multi Family
  • listprice: 525000
  • unparsedaddress: 476 Broadway
  • postalcity: Newburgh
  • stateorprovince: NY
  • country: US
  • postalcode: 12550
  • bathroomsfull: 2
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.05
  • lotsizeunits: Acres
  • lotsizearea: 0.05
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Igor Krasnoperov
  • listagentemail: igor@teamsuccessny.com
  • listagentkey: 3yd-MLSLINY-H34224
  • listagentmlsid: H34224
  • listagentpreferredphone: 9145296300
  • listagentofficephone: 9142434885
  • listofficekey: 3yd-MLSLINY-RISING
  • listagentstatelicense: 10301212524
  • listofficemlsid: RISING
  • disclaimer: Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1900
  • listingcontractdate: 2024-10-09
  • listagenturl: http://www.mysellingsystem.com
  • countyorparish: Orange
  • parcelnumber: 331100-027-000-0002-032.000-0000
  • highschool: Newburgh Free Academy
  • elementaryschooldistrict: Newburgh
  • middleorjuniorschooldistrict: Newburgh
  • highschooldistrict: Newburgh
  • cooling: Wall Unit(s) A/C
  • heating: Hot Water
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Rising Star Realty & Property Management, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"igor@teamsuccessny.com", "ListBrokerageCity":"Mohegan Lake", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@mysellingsystem.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Rising Star Realty & Property Management, Inc.", "ListBrokeragePhone":"(914) 243-4885", "ListBrokeragePostalCode":"10547", "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1750 East Main St", "ListBrokerageWebsiteUrl":"http://www.mysellingsystem.com", "ListOfficeAddress1":"118 North Bedford RdSuite #100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Mt. Kisco", "ListOfficeCountry":"US", "ListOfficeEmail":"igor@nyreoexperts.com", "ListOfficePostalCode":"10549", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family - Newburgh, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/476-Broadway_Newburgh_NY_12550_M43604-99622?f=listhub&s=MLSLINY&m=H6331893&c=rexren", "MLSModificationTimestamp":"2024-11-18T12:55:26Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9425, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/18/2024 8:16:04 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Igor Krasnoperov, Rising Star Realty, igor@teamsuccessny.com

Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.