A Rare Opportunity to Restore, Renovate & Maximize! This legal 3-family, freestanding property is nestled in the historic town of Newburgh and presents an exceptional opportunity for an investor, contractor, or owner-user looking to unlock its full potential. Offered as a true blank canvas, this architectural gem is ready to be transformed and repositioned to capitalize on strong free-market rents. The property features two spacious 2-bedroom apartments and one 1-bedroom apartment, offering an excellent foundation for a lucrative multi-family investment. The basement also provides additional potential to finish and create valuable living or recreational space, subject to approvals. The property is equipped with three separate gas meters and three separate electric meters, providing added convenience and flexibility for future ownership. With thoughtful renovation and modernization, there is tremendous potential to significantly enhance both the propertyâ??s appeal and income-producing capabilities. The Seller has approved plans prepared by a local architect, currently awaiting approval from the appropriate Architectural Review Committee. Ideally situated just minutes from Newburghâ??s thriving hub of restaurants, shops, historic George Washingtonâ??s Headquarters, and the vibrant Newburgh Waterfront, with convenient access to Metro-North trains, buses, and major parkways. A terrific opportunity for a contractor or savvy investor to restore this distinctive property, maximize its rental potential, and create substantial long-term value.
Details:
Families:
3
Bedrooms:
5
Bathrooms:
3
Property Type:
Colonial
Acres:
0.06
Built:
1900
School District:
Contact Agent
Financials:
Price:
$299,000
Taxes:
$11,366
Double C Realty Kieran Dwyer Real Estate Salesperson Office: 914-776-1670
