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160 Van Ness Street

Newburgh, NY 12550
  • $399,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: H6279613
UPDATED: 37 min ago
$399,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1970
County:

School Ratings & Info

School District:

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!

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-02-23T15:19:56.32.
www.searchlongislandrealestate.com/homes/146016370
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160 Van Ness Street Newburgh, NY 12550

  • Price: $399,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 37 min ago
  • MLS #: H6279613
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
Neighborhood:
Newburgh City
County:
Orange
Area:
Newburgh City
School District:
Newburgh
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!
Exterior Features

Construction Materials BlockFrame

Interior Features

Appliances OvenRefrigerator Cooling Window Unit(s) Cooling YN Yes Heating Natural GasOilBaseboard Hot Water Electric Stand Alone Number Of Heating Zones 4

Property Features

Inclusions Refrigerator Location Description See Remarks MLSArea Minor 99 Operating Expense 23401 Property Sub Type Mixed Use Sewer Public Sewer Tax Annual Amount 11345 Tax Annual Amount1 11345 Township Newburgh Water Source Public Zoning Description RL

Listing courtesy of Amy Wilhelm of Corcoran Baer & McIntosh: 845-987-2000
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-02-23T15:19:56.32.
 
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