BEDS5
BATHS3 full
MLS#928995
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNewburgh
Property Description
Discover a fantastic investment opportunity in the vibrant city of Newburgh with this charming 3-unit property that promises both comfort and profitability. All units are currently rented, generating income at an impressive 11% cap rate, making it an ideal choice for investors and homeowners alike. The first floor features a well-appointed 2-bedroom, 1-bath apartment with a cozy atmosphere and spacious living areas appreciated by current tenants. The first floor also features a studio room and bathroom which can be used for commercial/retail. The second-floor unit is a spacious 3-bedroom, 1-bath apartment with access to a beautifully finished attic, offering versatility for use as a home office, playroom, or storage. With its prime location in Newburgh, known for cultural richness and growth potential, this property offers convenient access to local amenities and a thriving neighborhood with a strong sense of community. Whether you're looking to expand your investment portfolio or seeking a home that pays for itself, this 3-unit property in Newburgh offers the best of both worlds. Don't miss this chance to invest in a promising property in a dynamic city.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Heating: Baseboard
Home Style: Colonial
Lot Size: 0.07 Acres
Taxes: $4,685
Year Built: 1968
Amenities
Eat-in Kitchen
Entrance Foyer
Formal Dining
High Ceilings
Natural Woodwork
Open Floorplan
Open Kitchen
Original Details
Pantry
Washer/Dryer Hookup
Feature Descriptions
Attic: Finished
Building Area Total: 2060
Days on Site: 154
Exterior: Frame
Formal Dining: Yes
Fuel Expense: 0
Lot Features: Cleared
Maintenance Expense: 0
Maintenance Expense: 0
On Market Date: 2025-10-28
Other Expense: 0
Parcel Number: 331100-026-000-0001-054.000-0000
Parking Features: On Street
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Seller Concession: Yes
Sewer: Public Sewer
Trash Expense: 1232
Units: 2
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Newburgh Free Academy
Middle School: MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL
Elementary School: Meadow Hill Global Explorations Magn
School District: Newburgh
Listed By / Shown By
Listing By
Agency Name: Avion
Agency Phone: 845-388-1216
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 1,243.76 per month $754.47 Principal & Interest $390.42 Property Tax $98.88 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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72 Wisner Avenue | MLS# 928995
This multi-family property located at 72 Wisner Avenue, Newburgh, NY 12550 is currently listed for sale with an asking price of $339,000. Wisner Avenue is located within the Newburgh school district. Search Newburgh real estate on www.coldwellbankerchoice.com today.