$315,000
●
Multifamily -
For Sale
26 City Terrace
Newburgh City, NY 12550
5 Beds
2 Baths
$2,129
Estimated Monthly
$0
HOA / Fees
23.69%
Cap Rate
About This Property
Welcome to 26 City Terrace, Newburgh, NY - an exceptional
multifamily investment opportunity that combines convenience and
potential income. Situated in a prime location, this property is
perfectly positioned for commuters, outdoor enthusiasts, and
investors looking for a promising venture. Located just moments
away from major highways, residents here enjoy quick and easy
access to neighboring cities and attractions. The scenic Newburgh
waterfront, with its charming restaurants and recreational
activities, is within reach, offering a delightful lifestyle to
your future tenants or homeowners. Additionally, the proximity to
the Beacon Train Station ensures seamless connectivity to the
Metro-North Railroad, making it a breeze for commuters to reach New
York City and the Hudson Valley. This property comprises two
distinct units, making it an ideal income-generating investment.
The top unit has the potential for 2 to 3 bedrooms, complete with
full kitchen and bath, making it perfect for families or
individuals seeking generous living space. Meanwhile, the lower
unit features 2 bedrooms, living room, kitchen, and bath providing
a cozy and functional residence. Investors, seize this golden
opportunity to maximize your returns in the thriving Newburgh real
estate market. Sold as-is. Come join in Newburgh's renaissance!
This won't last!
Unit Size
-
Days on Market
48 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$582
HOA Dues
-
Year Built
1890
Listed By
Last updated: 2 months ago (OneKey MLS #ONEH6294131)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 12, 2024 | Listed by eRealty Advisors, Inc | $315,000 | |
Listed by eRealty Advisors, Inc | |||
Apr 11, 2014 | Sold to Matthew Bastien | $175,000 | |
Sold to Matthew Bastien |
Property Highlights
Air Conditioning
Parking Details
Parking Features: Common
Interior Details
Bathroom Information
Full Bathrooms: 2
Interior Information
Interior Features: Master Downstairs, Eat-in Kitchen
Basement Information
Basement: Partial, Unfinished
Exterior Details
Property Information
Square Footage : 1942
Architectual Style: Two Story
Property Type: Residential Income
Property Sub Type: Multi Family
Road Responsibility: Public Maintained Road
Year Built: 1890
Building Information
Building Area Units: Square Feet
Construction Methods: Advanced Framing Technique, Brick, Stucco
Lot Information
Lot Features: Level, Near Public Transit
Lot Size Acres: 0.05
Lot Size Square Feet: 2121
Land Information
Water Source: Public
Water Source: Gas Stand Alone
Financial Details
Tax Annual Amount: $6,979
Utilities Details
Cooling: Yes
Cooling: None, Wall Unit(s)
Heating: Natural Gas, Gravity
Sewer : Public Sewer
Location Details
Directions: Turn left onto NY-17K E/Hwy 17K E, Continue straight onto Broadway, Turn left onto City Terrace and drive to #26 on Right
County or Parish: Orange
Other Details
Selling Agency Compensation: 1.5%
On Market Date: 2024-03-12
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
5
Beds
3
Baths
-
$290,000
Oct 16, 2021
$290,000
Feb 2, 2022
$555/mo
Sold
Multifamily
6
Beds
2
Baths
-
$260,000
Nov 6, 2023
$260,000
Jan 19, 2024
$635/mo
Sold
Multifamily
6
Beds
2
Baths
-
$365,000
Mar 19, 2021
$365,000
Aug 24, 2021
$417/mo
Sold
Multifamily
4
Beds
2
Baths
-
$300,000
Feb 2, 2022
$300,000
May 26, 2022
$646/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|