8 building investment portfolio located in the historic district of Newburgh, NY; consisting of multi-family and mixed use properties. The portfolio includes 27 fully rented units with a Gross Rental Income of $319,485. There is a potential upside for an investor to increase rental income as some rents are below market value. The current owner has managed and maintained all properties on a daily basis, and has made many improvements to the buildings both recently and over the years. In addition, two of the buildings are located in qualified opportunity zones, providing an economic incentive for an investor. Located in a desirable area of downtown Newburgh close to shops, restaurants, parks, museums, galleries, the waterfront and transportation including a ferry to Beacon. Additional financial information is available upon request.

Key Points: 27 Units (8 Buildings) Fully Rented Many recent upgrades Well-maintained Walking distance to all major attractions 1 building is within a Qualified Opportunity Zone

Units: 27

Occupancy: 100%


The Property is For Sale

Asking Price: $2,158,000

Building Size: 27,000 SQ FT

Cost per Square Foot: $79.93

KW Commercial
Washington Street
Newburgh, New York 12550
United States

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James Walker, CCIM 2
845.610.6485
james.walker@kwcommercial.com

www.kellerwilliamsunited.com/