290 1st St Newburgh, NY 12550

New to the Market - Prime Investment Opportunity in the City of Newburgh Discover the potential of this unique multi-parcel property offering a rare combination of income, space, and future development opportunity. Situated on a double lot with additional building potential, this duplex presents an exceptional opportunity for investors or buyers with vision. The property features a two-unit dwelling. The first-floor unit offers a comfortable 1-bedroom, 1-bath layout with an enclosed back porch, perfect for added living space or storage. The upper unit includes 2-3 bedrooms and 2 full bathrooms, providing flexible living arrangements. The property was recently fully occupied and offers strong income potential. While the duplex does require some updating, it provides a solid foundation for value-add improvements. Recent updates include two new heating systems, a new water line, and conversion to natural gas. Outside, the oversized lot provides abundant parking and a large backyard area. As an added bonus, the sale includes an additional building lot on a separate deed-opening the door for future development or expansion. The property presents a fantastic opportunity for investors looking to maximize value and potential in a growing area.