Multi Family 2-4 in Orange County
| MLS Number | 1049968 |
|---|---|
| Address | 367 Liberty Street, Newburgh, NY 12550 show map |
| Price | $339,000 show mortgage calculator |
| Acres | 0.045913682277319 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | Newburgh |
| Jr High-Middle School | Newburgh |
| High School | Newburgh Free Academy |
| Estimated Taxes | $6,940 |
| Total Apt Units | 2 |
| Total Bedrooms | 2 |
| # 2 Brs | 1 |
A particularly interesting value-add opportunity on Liberty St. This two-family townhouse contains two private two-bedroom apartments, each with its own entrance. The upper apartment is occupied and in good condition, providing immediate income, while the lower apartment is currently vacant and ready for renovation. The vacancy gives a new owner the opportunity to improve the apartment, select their own finishes and tenant, and bring the unit directly to market rent without having to work around an existing tenancy. For an investor looking for a manageable project with substantial existing infrastructure already in place, 367 offers an appealing combination of current income and near-term upside. The property may be purchased individually or together with neighboring
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