Four Family House for Sale in Newburgh, Orange, NY 12550 | Web ID: PH472600 | $1,500,000

 
Property Description

Great investment opportunity to own four houses sitting on 5. 5 acres of land in the town of newburgh. All four homes are between 1100-1300sqft two of the homes are 2bd 1ba one is a 1nd 1ba the fourth home is a 3bd 1ba. Two of the homes were being run as airbnb's making a good profit each month. The guests were mostly families that loved the lake access to orange lake. The inside of both airbnb have had renovations done one needs some minor exterior improvements. The other 2 homes are long term rentals. Tenants are still in place in those homes. Space is cleared out and ready for a fifth home to be built on the same lot which is over an acre of land. The 2nd lot boasts another 4. 5 acres and is waiting to be cleared out for more homes to be built. Both lots are zoned r4 for residential. Amazing opportunity to own a potential 6 figure a year business or have the private compound for a big family. Use showing time for all showings

Property Information
Location/Town Newburgh
Area/County Orange
Prop. Type Four Family House for Sale
Style Contemporary, Bungalow, Cape Cod
Tax $14,942.00
Bedrooms 8
Total Baths 4
Full Baths 4
Year Built 1952
Basement See Remarks, Unfinished, Walk-Out Access
Construction Frame, Stone, Wood Siding
Total Units 4
Lot SqFt 239,580
Cooling None
Heat Source Oil, Baseboard
Lot Features Level, Part Wooded, Possible Sub Division
Parking Features Detached, 4+ Car Detached, Off Street
Tax Assessed Value 134100
Units 4
School District Newburgh
Middle School Call Listing Agent
Elementary School Magnet Sch of Math Science & D
High School Newburgh Free Academy
Listing information courtesy of: Keller Williams Hudson Valley
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