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Arif Baksh

arif@asarealestategroup.com +1(914) 494-1549

$299,000

Est. payment - /mo

5 Beds

3 Baths

2,500 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1038699

Style Colonial

Bedrooms 5

Full Baths 3

Rental Info No

Year Built 1900

Annual Tax Amount $11,366

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Triplex

Source onekey2

Property Description

A Rare Opportunity to Restore, Renovate & Maximize! This legal 3-family, freestanding property is nestled in the historic town of Newburgh and presents an exceptional opportunity for an investor, contractor, or owner-user looking to unlock its full potential. Offered as a true blank canvas, this architectural gem is ready to be transformed and repositioned to capitalize on strong free-market rents. The property features two spacious 2-bedroom apartments and one 1-bedroom apartment, offering an excellent foundation for a lucrative multi-family investment. The basement also provides additional potential to finish and create valuable living or recreational space, subject to approvals. The property is equipped with three separate gas meters and three separate electric meters, providing added convenience and flexibility for future ownership. With thoughtful renovation and modernization, there is tremendous potential to significantly enhance both the property's appeal and income-producing capabilities. The Seller has approved plans prepared by a local architect, currently awaiting approval from the appropriate Architectural Review Committee. Ideally situated just minutes from Newburgh's thriving hub of restaurants, shops, historic George Washington's Headquarters, and the vibrant Newburgh Waterfront, with convenient access to Metro-North trains, buses, and major parkways. A terrific opportunity for a contractor or savvy investor to restore this distinctive property, maximize its rental potential, and create substantial long-term value.

Location

State NY

County Orange County

Rooms

Basement Storage Space, Unfinished

Interior

Interior Features First Floor Bedroom, First Floor Full Bath

Heating Hot Water, Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features None

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Garage false

Private Pool No

Building

Foundation Brick/Mortar, Stone

Sewer Public Sewer

Water Public

Structure Type Brick,Stone

Schools

Elementary Schools Contact Agent

Middle Schools Call Listing Agent

High Schools Contact Agent

School District Contact Agent

Others

Senior Community No

Special Listing Condition None

Read Less Info

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Double C Realty • Kieran Dwyer

NEARBY SCHOOLS & PROPERTIES

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY 10603-1937, USA

145 Renwick ST Newburgh, NY 12550