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    1 home
    1 home available
    Closed Jan 25, 2025
    476 Broadway, Newburgh, NY 12550
    $525,000
    3beds
    3.5bath
    sqft
    0.05acres
    House for Sale
    Down payment assistanceDown Payment Help

    476 Broadway, Newburgh, NY 12550

    Listing by: Rising Star Realty
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    Copyright © 2025 OneKey® MLS LLC
    Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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    OneKey® MLS
    476 Broadway, Newburgh, NY 12550
    Closed Jan 25, 2025
    $525,000
    Down payment assistanceDown Payment Help
    3beds
    3full,1half bath
    sqft
    0.05acres

    476 Broadway, Newburgh, NY 12550

    City/Town:Newburgh   Post Office: Newburgh     

    House for Sale by Igor KrasnoperovRising Star Realty.

    Data checked 10 mins ago. Listing last updated 27 days ago.
    1. Overview
    2. Details
    3. More 

    This well-maintained property offers an exceptional opportunity for investors seeking reliable rental income and the potential to increase cash flow. The property features a vacant street-level storefront, previously leased at $2,000/month, presenting an open canvas for a new retail business or office tenant. With a large, versatile space and convenient rear entry leading to municipal parking, this storefront is highly appealing to small business owners looking for ease of access. Residential income comes from two fully occupied units on the upper floors. The 2nd-floor unit is a 2-bedroom apartment, currently rented for $1,400/month. The 3rd-floor unit is a 1-bedroom apartment, generating $1,200/month. Both apartments have been recently updated, including kitchens, bathrooms, and flooring. Tenants pay all utilities (gas and electric), while the landlord covers water, sanitation, exterminator services, taxes, and insurance, with estimated annual expenses under $14,000. The property boasts high-efficiency gas boilers (residential units) and updated electrical systems, ensuring low maintenance costs and energy savings. This investment offers immediate income from residential leases (both units are month-to-month), with the added opportunity to lease the vacant storefront at market rates. Whether you're a seasoned investor or looking to diversify, this property’s strong income potential and strategic location make it a perfect addition to any portfolio.

    Details
      Property type
    Residential Income
      Year built
    1900
      Heating
    Natural Gas, Hot Water
      Cooling
    Wall/Window Unit(s)
      Total rooms
      Garage
    No
      City/Town
    Newburgh
      Post Office
    Newburgh
      Parking spots
    -
    H6331893
    MLS ID
    Closed
    Status
    Jan 25, 2025
    Closed
      Laundry features
      Flooring
      Fireplace
    No
      Pets allowed
      Architectural Style
      View
    Interior features
    Exterior features
    Lot features
    Appliances included
    Construction materials
    Monthly taxes
    $785
    Yearly taxes
    $9,425
    Community Features
    -
    School district
    Newburgh
    Schools
    MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL, Newburgh Free Academy
    Senior community
    No
    Common Charges
    -
    Maintenance
    -
    Additional Fees
    -
    Open Houses
    In-Person
    No upcoming in-person open houses
    Virtual
    No upcoming virtual open houses
    Contact Agent
    Igor Krasnoperov
    Igor Krasnoperov
    Real Estate Broker, Rising Star Realty
    Direct Number 
     
    Location
    Broadway, between Fullerton Ave and West Street.
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    476 Broadway, Newburgh, NY 12550, is a 3 bedroom, 3 bathroom Multi Family built in 1900. This property is currently available for sale and was listed on OneKey® MLS on Invalid date. The MLS# for this Multi Family is MLS# H6331893.
    Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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