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
Asking Price: $2,158,000
Building Size: 27,000 SQ FT
Cost per Square Foot: $79.93