236 Oak Street
About This Property
As you step onto the .65-acre lot, you'll be captivated by the expansive vistas of the Hudson River, providing a serene backdrop for your everyday life. The mostly level terrain ensures ease of access and ample space for outdoor activities or landscaping projects.
Currently, there stands an old home that once boasted 2,376 finished square feet of living space. Featuring 4 bedrooms, 1 full bath, porches, and a two-car garage, this residence holds the promise of a grand lifestyle. Although it requires significant renovation or replacement, envision the potential to craft your ideal sanctuary overlooking the majestic Hudson.
Included in this enticing opportunity are potential plans for a magnificent new home, designed to maximize the panoramic river views and create a luxurious haven tailored to your desires.
Don't miss your chance to seize this remarkable offering at a very affordable price. Embrace the tranquility, beauty, and endless possibilities that await you at this prime location in Newburgh, NY. Experience the allure of riverside living and make your dreams a reality today! Additional Information: ParkingFeatures:2 Car Attached,
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017