2 Carson Avenue Newburgh (City) NY, 12550 Newburgh SD# 1
$435,000
5 Beds / 3 Full Baths | ML# H6319030
Property Picture

MULTI-FAMILY INVESTMENT 3-UNIT BLDG - Finish this mostly restored 1940’s Victorian 3-Family in the Washington Heights section of Newburgh, on a Corner lot w/parking for 3 cars, 1/2 block from ’The Bluff’, w/partial river views. Unit layout is: 3FL-2bed/1bath+bonus rm 2FL-2bd/1bth 1FL- 1bd/1bth. Current utilities setup is LL pays gas heat & HW, tenants pay electric. Projected Rent is $6, 550/mo for 3 finished units w/8.3% cap after completion based on estimated Proforma. One Block from the rapidly evolving Liberty St corridor w/new shops and restaurants & historic Washingtons Headquarters. Two blocks from the coming PS6 Center for Film & TV. Close to the Hudson River Waterfront, a short drive to I-84, I-87 & Beacon. Work Completed includes: Every surface inside & out is handled, from new underground plumbing, to new roof coating & flashing, walls & ceilings skim-coated & fully painted. All original details restored incl: double entry doors, staircase, floors, new main entry stairs.

    Presented by Barry Paley
    Barry Paley Licensed Real Estate Salesperson 516-503-4242 516-865-1800 Barry@BarryPaley.com