$399,000

160 Van Ness Street, Newburgh, NY 12550, Newburgh City NY 12550

Square Footage: 3964.00
Status: Active
Days on Market: 73
MLS ID: ONEH6279613

Property Description

BRING YOUR BUSINESS and have additional income in this mixed use property in up and coming City of Newburgh, NY. This property offers a currently owner occupied one level office building of approximately 900 square feet with bathroom and unfinished basement plus a separate 3 family rental property that is fully occupied with leases in effect through May and Nov 2024. Gross rents are $57,600/Expenses $23,401 for net operating income of $34,199. Mechanicals are in good condition/office boiler is new. Tenants pay heat and electric and each have separate boilers and electrical meters. Landlord pays for water, hot water, sewer, and garbage. Apartments are natural gas, office building runs on oil. Municipal water and sewer. Ample parking in front of office (6 spaces) plus street parking and parking lot a few steps away. 48 Hours notice required for showings due need to inform tenants. This is a fantastic opportunity to stop paying rent on your business and have passive income to boot!

Property Details

Square Footage: 3964.00
Type: Commercial Sale
Year Built: 1970
Taxes: 11345
Appliances: Oven,Refrigerator
Construction Materials: Block,Frame
Heating: Natural Gas,Oil,Baseboard
Sewer: Public Sewer

Other Features

Window Unit S.

Map

Listed By: Corcoran Baer & McIntosh

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