Magnet Sch Of Math Science & DesignElementary School
South Middle SchoolMiddle School
Newburgh Free AcademyHigh School
Property Type: Residential Income
Property Subtype: Multi Family
New Construction: No
Heating: Natural Gas,Hot Water,Steam
Swimming Pool: No
School District: Newburgh
Address: 427 Powell Avenue
City: Newburgh City
State: New York
Tax Amount: $15,320
INVESTOR'S DREAM!!! Just steps away from the Mt Saint Mary's central campus, this 7 bd/ 2ba duplex offers an incredible opportunity for off-campus student housing. CAP rate 8.77% with utilities, cable and internet included in the rental amount. Off-street parking up to ten spaces, two fireplaces, hw floors, spaciously sized bedrooms, roof deck with river view. Two car detached garage and full walkout basement, each floor has own laundry. Fully leased through June 2022, only could offer leased through 2023 school year as well with escalated rental income. Make money while you sleep, PASSIVE INCOME OPPORTUNITY!
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