1. New York
  2. Newburgh
  3. 163 Chambers Street
$589,000

163 Chambers Street, Newburgh, NY 12550

  • 9 beds |
  • 4 baths |
  • 2,880 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon2,500sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $205/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

*Exceptional Investment Opportunity!* Discover a rare gem in the heart of Newburgh! This charming 4-unit brick building offers a unique blend of strong returns, low maintenance, and growth potential. With a 10.5%+ cap rate, recent renovations (2019), and a prime location near the Hudson River waterfront, this property is poised for long-term success. *Key Highlights:* - *Strong Cap Rate*: 10.5%+ potential for high returns on investment - *Renovated Property*: Modern amenities and reduced maintenance costs - *Prime Location*: Scenic views and growth potential in Newburgh's heart - *Income Potential*: 4-unit building with stable rental income potential *Schedule a showing today* and seize this fantastic investment opportunity! BTW, utilities for top 2 floors are paid by the owner. Don't miss out!

Listing Status:
Active
Listing Office:
Joseph Polatseck : 646-526-2751
MLS ID:
893445
  • General: Other
  • A/C: Wall/Window Unit(s)
  • Heating: BaseboardOther

This listing courtesy of Joseph Polatseck

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Horizon-on-the-Hudson Magnet School

137 Montgomery St, Newburgh, NY, 12550

Grades PK-5

0.21 miles away

M

Meadow Hill Global Explorations Magnet School

124 Meadow Hill Rd, Newburgh, NY, 12550

Grades KG-8

3.95 miles away

N

Newburgh Free Academy

201 Fullerton Ave, Newburgh, NY, 12550

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.