8 Central Avenue, Newburgh, NY 12550

$698,000
9
BD
3,520
SqFt
List Price
$698,000
Price Change
▼ $1,000 1654110588
Days on Market
95
MLS#
H6173320
Status
ACTIVE
Property Type
Multi Family
Year Built
1928
Property Tax
$14,395
Neighborhood
Newburgh City
School District
Newburgh
High School
Newburgh Free Academy
Jr. High
South Middle School
Elementary School
Magnet Sch Of Math Science & Design

Property Description

Cash flow dream boat! Exceptionally well organized, well maintained, and high performing investment property. 8 Central Ave is a charming two-unit, 9 bedroom home on a quiet block steps from the Mt St Mary's campus-- and it is also an investor's dream. The current owner is a true professional who has perfected the art of responsible, respectful, hands-free student housing. Tidy and conscientious student roommates have pre-leased tenancies through 2024, a handyman is on call, the students pay via electronic direct deposit-- the balance of the universe has been restored! Seller is willing to pass all systems to new owner, including handyman contact and Mt St Marys alumnus leasing agent. Proforma and detailed financials are available for review--over 76k in rental income this year, and that's not a typo!

Additional Information

Bedrooms
9
Square Footage
3,520
Acres
0.14
Parking
On Street
Heating
Natural Gas, Hot Water
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sarah Beckham Hooff from ReAttached


Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Copyright 2022 OneKey All rights reserved.