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8 Central Avenue

Newburgh, NY 12550
  • $699,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: H6173320
Price Reduced
UPDATED: 51 min ago
$699,000
  • 9
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,520
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Information

Middle School:
High School:
School District:

Description

Cash flow dream boat! Exceptionally well organized, well maintained, and high performing investment property. 8 Central Ave is a charming two-unit, 9 bedroom home on a quiet block steps from the Mt St Mary's campus-- and it is also an investor's dream. The current owner is a true professional who has perfected the art of responsible, respectful, hands-free student housing. Tidy and conscientious student roommates have pre-leased tenancies through 2024, a handyman is on call, the students pay via electronic direct deposit-- the balance of the universe has been restored! Seller is willing to pass all systems to new owner, including handyman contact and Mt St Marys alumnus leasing agent. Proforma and detailed financials are available for review--over 76k in rental income this year, and that's not a typo!

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© 2022 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 Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-05-28T09:16:46.3.
www.nicoleburkehomes.com/homes/127324284
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8 Central Avenue Newburgh, NY 12550

  • Price: $699,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 51 min ago
  • MLS #: H6173320
9
Beds
0
Baths
0
½ Baths
0.14
Acres
3,520
SQFT
$199
$/SQFT
1928
Built
Neighborhood:
Newburgh City
County:
Orange
Area:
Newburgh City
Elementary School:
Magnet Sch Of Math Science & Design
Middle School:
South Middle School
High School:
Newburgh Free Academy
School District:
Newburgh
Property Description
Cash flow dream boat! Exceptionally well organized, well maintained, and high performing investment property. 8 Central Ave is a charming two-unit, 9 bedroom home on a quiet block steps from the Mt St Mary's campus-- and it is also an investor's dream. The current owner is a true professional who has perfected the art of responsible, respectful, hands-free student housing. Tidy and conscientious student roommates have pre-leased tenancies through 2024, a handyman is on call, the students pay via electronic direct deposit-- the balance of the universe has been restored! Seller is willing to pass all systems to new owner, including handyman contact and Mt St Marys alumnus leasing agent. Proforma and detailed financials are available for review--over 76k in rental income this year, and that's not a typo!
Exterior Features

Garage YN No Parking Features On Street

Interior Features

Cooling None Cooling YN No Heating Natural GasHot Water

Property Features

Property Attached YN No Property Sub Type Multi Family Property Type Residential Income Senior Community YN No Tax Annual Amount 14395.00 Water Source Public

Listing courtesy of Sarah Hooff of Reattached.
© 2022 OneKey MLS. All rights reserved.


© 2022 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 Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-05-28T09:16:46.3.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803