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UPDATED:
12/16/2024 03:53 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEYH6316898
Originating Board onekey2
Rental Info No
Year Built 1950
Annual Tax Amount $7,276
Property Description
Welcome to 5152 Route 9w, an exceptional investment opportunity in the Town of Newburgh, NY! This charming 3 bedroom, 1.5 bathroom home is not only a comfortable and spacious residence or rental, but it also includes a 3 unit commercial building located on Route 9W that can generate steady income for either an owner occupant or as an investor looking for a diversified stream of revenue. Proven successful location with 2 of 3 leases maintained for 8 & 15 years, $22.35 per sq ft, double net lease, tenants pay all own utilities and insurance. Residence situated behind commercial unit offering its own privacy, separate shared driveway entrance from Balmville Rd to easily avoid traffic. Enter into a bright and open floor plan which is great for family gatherings, cozy patio situated conveniently off the kitchen. Primary bedroom and one bath on main floor, two additional bedrooms and additional bath downstairs with separate entrance. Whether you occupy the home and use the commercial rentals for passive income or rent the home for additional profits you'll be sure to find 5152 Route 9W is a valuable asset in your investment portfolio! Don't miss your opportunity to own a valuable piece of real estate with multiple sources of income in a prime location! Close to major highways and shopping centers as well as enjoyable nightlife including the Newburgh waterfront! Make this your next investment and enjoy all the benefits for years to come! Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Orange County
Interior
Heating Oil, Radiant, See Remarks
Cooling None
Fireplace No
Appliance Oil Water Heater
Exterior
Parking Features Driveway, Parking Lot, Private
Fence Fenced
Building
Sewer Septic Tank
Water Drilled Well
Schools
School District Newburgh
Others
Special Listing Condition None
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Listed by eXp Realty
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