203 Grand Street, Newburgh, NY 12550
- $799,000
- 7
- BD
- 8
- BA
- 5,320
- SqFt
- Sold Price
- $799,000
- Days on Market
- 424
- Closing Date
- Nov 12, 2021
- MLS#
- H6070081
- Status
- CLOSED
- Property Type
- Multi Family
- Year Built
- 1880
- Property Tax
- $19,900
- Neighborhood
- Newburgh City
- School District
- Newburgh
- High School
- Newburgh Free Academy
- Jr. High
- Call Listing Agent
- Elementary School
- Magnet Sch Of Math Science & Design
Property Description
Beautiful corner brick income producing investment property in the heart of the City of Newburgh's Renaissance. This grand old dame is well maintained and home to long term reliable tenants on month to month leases. Period details throughout and updated units. Abundant street parking. Currently 6 apartments and one garage, but could be easily converted to 7 apartments and one garage. Some rents are below market value. With updated rents and conversion to 7 units, gross annual rents could increase from $88,200 to $126,300. Tremendous potential in an up and coming area that is also a designated Opportunity Zone. 48 Hour's notice required for showings and proof of funds or pre approval required in advance.
Additional Information
- Bedrooms
- 7
- Bathrooms
- 8
- Full Baths
- 8
- Square Footage
- 5,320
- Acres
- 0.09
- Parking
- On Street
- Basement
- Bilco Door(s), Partial, Walk-Out Access
- Heating
- Natural Gas, Hot Water
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Amy Coccia Wilhelm (amy@baerhomes.com) from Listing Office: Corcoran Baer & McIntosh.
Selling Office: Corcoran Baer & McIntosh.Information Copyright 2024, OneKey® MLS. All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS.