Property Description
Bring your business and have additional income in this mixed use property in up and coming city of newburgh, ny. This property offers a currently owner occupied one level office building of approximately 900 square feet with bathroom and unfinished basement plus a separate 3 family rental property that is fully occupied with leases in effect through may and nov 2024. Gross rents are $57, 600/expenses $23, 401 for net operating income of $34, 199. Mechanicals are in good condition/office boiler is new. Tenants pay heat and electric and each have separate boilers and electrical meters. Landlord pays for water, hot water, sewer, and garbage. Apartments are natural gas, office building runs on oil. Municipal water and sewer. Ample parking in front of office (6 spaces) plus street parking and parking lot a few steps away. 48 hours notice required for showings due need to inform tenants. This is a fantastic opportunity to stop paying rent on your business and have passive income to boot!
Property Information
| Location/Town | Newburgh City |
| Area/County | Orange |
| Post Office/Postal City | Newburgh |
| Prop. Type | Commercial Sale |
| Tax | $11,345.00 |
| Year Built | 1970 |
| Construction | Block, Frame |
| Total Units | 4 |
| Cooling | Window Unit(s) |
| Heat Source | Natural Gas, Oil, Ba |
| Zoning | RL |
| Property Amenities | Refrigerator |
| Units | 4 |
| School District | Newburgh |
| Listing information courtesy of: Corcoran Baer & McIntosh | |
Mortgage Calculator
Note: web mortgage-calculator is a sample only; for actual mortgage calculation contact your mortgage provider