Multi Family 2-4 in Orange County
| MLS Number | 997054 |
|---|---|
| Address | 52 Lander Street, Newburgh, NY 12550 show map |
| Price | $420,000 show mortgage calculator |
| Acres | 0.062350780532599 |
| Year Built | 1889 |
| Est. Sq. Footage | 0 |
| Elementary School | Newburgh |
| Jr High-Middle School | Newburgh |
| High School | Newburgh Free Academy |
| Estimated Taxes | $9,569 |
| Total Apt Units | 2 |
| Total Bedrooms | 4 |
| # 1 Brs | 1 |
| # 2 Brs | 1 |
Fully remodeled 2 family home in the heart of Newburgh, offering a great opportunity for both investors and owner occupants. Located at 52 Lander Street, this property features two updated units with strong rental income and separate electric utilities for added efficiency and low maintenance ownership. There is no oil or gas, the entire property is fully electric. The first floor unit offers 2 bedrooms and 1 full bathroom with a functional layout and updated finishes throughout. The second floor unit features 2 bedrooms and 2 full bathrooms, including a primary bedroom with its own private ensuite bathroom. Both units are currently occupied by tenants paying $2,100 per month each, generating a total monthly income of $4,200. The first floor tenant is month to month, while the second floor tenant is on a lease. Ownership reports no history of late or missed payments from either tenant. A turnkey income producing property with modern updates, strong cash flow potential, and separately paid electric utilities, all conveniently located near restaurants, shopping, parks, major roadways, and the Newburgh waterfront.
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