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161 W Parmenter Street, Newburgh, NY 12550

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For Sale
Sale Pending

$425,000

9 beds • 3 baths • 1,872 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $227.03
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Fantastic investment opportunity or live rent-free in this spacious 3-family house located in the heart of Newburgh. Each unit offers comfort and functionality. The basement unit features 2 bedrooms, a cozy living room, a kitchen, and a full bath. The 1st-floor unit boasts 3 bedrooms, living room, kitchen, and a full bath. The 2nd-floor unit offers 4 bedrooms, a spacious living room, kitchen, and a full bath. Enjoy the convenience of a fenced-in backyard, perfect for outdoor gatherings or relaxation. This property is ideally situated close to transportation, shops, dining, and more, making it an attractive option for tenants and homeowners alike. The lower level unit (2 bed) is currently owner occupied, the first floor 3 bedroom ($1600) and second floor 4 bedroom ($1650) are month to month. Modest market rent of $1600, $1800 and $2000 respectively, the property would generate $65,000 rent roll/year. and an NOI of approx $50,000 - an 11.5% cap rate! Don miss out on this unique opportunity to invest in or reside in a versatile property.
MLS# H6309416

Courtesy Of eXp Realty

(888) 276-0630

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood
  • Heating System
    Hot Water
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 161 W Parmenter Street, Newburgh, NY 12550

Home seller CENTURY 21 Ed & Margaret Williams Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Ed & Margaret Williams Realty

(845) 778-3543
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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