498 Liberty Street

Newburgh, NY
$ 450,000 Beds 9 Baths 4 Sq 2,981
Monthly Estimate* How much can I afford?

Lucrative college rental at the edge of Mount Saint Mary campus in historic Newburgh, NY. In the heart of an up and coming area, this 3 family rental with Hudson River views is set up as student housing and boasts a 10% cap rate. The current owners have the business model down to a science and will assist the new owner with learning the ropes for a successful outcome. Three units (one 4 bedroom/2 bath duplex, one 3 bedroom/1 bath and one 2 bed/2 bath (top floor). Every unit has back deck. Mechanicals have been updated all within the past 5 years or so and these units are in good shape. Leases are in place through May 31, 2022. On campus housing is limited so the market is pretty much guaranteed. Notice need to show so as not to disturb the student's studies. Expand your portfolio with this unique opportunity!

Contingent

  • Price
  • $ 450,000
  • Lot Size
  • 3,485 SqFt
  • Bedrooms
  • 9
  • Sqr Footage
  • 2,981
  • Full Bathrooms
  • 4
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Newburgh
  • Taxes
  • $ 11500
  • County
  • ORANGE
  • Style
  • Townhouse
  • Area
  • Newburgh City
  • MLS#
  • H6108125
  • Zip
  • 12550
Listing Provided by: Amy C Wilhelm with Corcoran Baer & McIntosh
Data Source: OneKey MLS

Features

General

Architectural Style Townhouse
Buildingareaunits Square Feet
Community Features Park
Construction Materials Brick, Frame, Stone
Cooling None
Elementary School Magnet Sch of Math Science & Design
Elementary School District Newburgh
Fuel Expense 7353.00
Garage Spaces 1.00
Garage Y/N Yes
Hamlet Newburgh
Heating Natural Gas, Hot Water
High School Newburgh Free Academy
High School District Newburgh
Hot Water Electric Stand Alone
Interior Features Eat-in Kitchen
Middle/Junior High School Call Listing Agent
Middle/Junior School District Newburgh
Numberofheatingzones 3
Parking Features Garage, On Street
Patio/Porch Features Deck
Property Attached Y/N Yes
Property SubType Multi Family
Property Type Residential Income
Sewer Public Sewer
Tax Annual Amount 11500.00
TaxAssessedValue 261400
Total Units 3
Trash Expense 1320.00
View Water
Village None

Exterior Features

Lot Features Level, Sloped, Near Public Transit
Lot Size Acres 0.0800
Lot Size Area 0.0800
Lot Size Source Other
Lot Size Square Feet 3498.00
Lot Size Units Acres
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Roadresponsibility Public Maintained Road
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the New York, NY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% 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. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

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

Price History

4/13/2021 Listed $450,000

Property vs Zip Code Average in 12550

Price
AVG $320K
$450K
Taxes
AVG $7,412
$11,500
Visits
AVG 82
5
Year Built
AVG 1957
1920

Map

498 Liberty Street Newburgh, NY is a Single Family Home for sale at $450000 with 2981 sqft and a lot size of 3,485 SqFt Acre(s). 498 Liberty Street Newburgh has 9 bedrooms, 4 baths and was built in 1920. The property's zip code is 12550 which is in Newburgh, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.