$450,000 498 Liberty Street Newburgh, NY

MLS: H6108125   Type: Contingent   County: Orange   City: Newburgh   Area: Newburgh City   Neighborhood: Newburgh   Zip: 12550   Style: Townhouse     Taxes: $11,500

Mortgage $2,113 /mo



Half Baths

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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
Distance: N/A Miles
Call Listing Agent
Distance: N/A Miles
Newburgh Free Academy
Distance: N/A Miles

Price History

4/13/2021 Listed $450,000

Architectural Style Townhouse
Attached Garage No
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
Senior Community Y/N No
Sewer Public Sewer
Tax Annual Amount 11500.00
TaxAssessedValue 261400
Total Units 3
Trash Expense 1320.00
View Water
Village None

Interior Features

Air Conditioning Y/N No

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

Property Schools

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Gallery (33 photos)

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Property vs Zip Code Avg (12550)

Price 450K Avg 323K

Sqr Feet 2,981 Avg 1,622

Cost / Sqr Ft $151 Avg $199

Taxes $11,500 Avg $7,496

Acres 0.08 Avg 1.04

Visits 6 Avg 82

Days on Site 69 Avg 194

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Listing Provided Courtesy Of: Amy C Wilhelm with Corcoran Baer & McIntosh

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Location & Address

66 N Broadway
Nyack, NY
Office: 845-284-9460