161 W Parmenter Street, Newburgh, NY

$435,000

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9

Beds

3

Baths

1,872

Square feet

0.06

Acres

About 161 W Parmenter Street

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.

Features of 161 W Parmenter Street

MLS® # H6309416
Price $435,000
Bedrooms 9
Bathrooms 3.00
Full Baths 3
Square Footage 1,872
Acres 0.06
Taxes $6,420
Year Built 1924
Type Residential Income
Sub-Type Multi Family
Style Two Story
Status Active

Community Information

Address 161 W Parmenter Street
City Newburgh
County Orange
State NY
Zip Code 12550
Adult 55+ Community No

Amenities

Parking On Street
Is Waterfront No
Has Pool No

Interior

Interior Hardwood
Interior Features First Floor Bedroom
Heating Natural Gas, Hot Water
Cooling None
Has Basement No
Fireplace No

Exterior

Exterior Brick

School Information

District Newburgh
Elementary Magnet Sch of Math Science & Design
Middle Call Listing Agent
High Newburgh Free Academy

Additional Information

Date Listed June 27th, 2024
Days on Market 18
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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