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Listed by Erica Heckle, eXp Realty,LLC
Welcome to 5152 Route 9w, an exceptional investment opportunity in the Town of Newburgh, NY! This charming 3 bedroom, 1.5 bathroom home is not only a comfortable and spacious residence or rental, but it also includes a 3 unit commercial building located on Route 9W that can generate steady income for either an owner occupant or as an investor looking for a diversified stream of revenue. Proven successful location with 2 of 3 leases maintained for 8 & 15 years, $22.35 per sq ft, double net lease, tenants pay all own utilities and insurance. Residence situated behind commercial unit offering its own privacy, separate shared driveway entrance from Balmville Rd to easily avoid traffic. Enter into a bright and open floor plan which is great for family gatherings, cozy patio situated conveniently off the kitchen. Primary bedroom and one bath on main floor, two additional bedrooms and additional bath downstairs with separate entrance. Whether you occupy the home and use the commercial rentals for passive income or rent the home for additional profits you'll be sure to find 5152 Route 9W is a valuable asset in your investment portfolio! Don't miss your opportunity to own a valuable piece of real estate with multiple sources of income in a prime location! Close to major highways and shopping centers as well as enjoyable night life including the Newburgh waterfront! Make this your next investment and enjoy all the benefits for years to come!
More Info
Basic Information
- Acreage0.48
- Lfd WaterDRILLED WELL
- List Price$579,900
- MLS Number20231004
- MlsStatusACTIVE
- Property TypeMixed Use
- SewerSEPTIC IN-GROUND
- Square Feet2,572
- Units4
- Year Built1950
Location
- Address5152 Route 9w
- Area TownORANGE
- Building Number5152
- High School DistrictNewburgh City Schools
- StateNY
- StreetRoute 9w
- TownNewburgh
- Zip12550
- ZoneCommercial
Other
- Lot14
- Lot Dimensions99x210
- View Count5
Building
- Garage Parking ExtrasDRIVEWAY, DRIVEWAY-SHARED, LOT-PAVED
Utilities
- Heat SourceRADIANT
- Heating FuelOIL
Amenities
- Other AmenitiesBasement, Waterfront
Legal
- General Tax$2,321
- School Tax$5,174
20231004
Newburgh, NY Demographics
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20231004
Newburgh, NY Real Estate Market Data
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20231004
Newburgh, NY Schools
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