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427 Powell Avenue, Newburgh, NY 12550
$485,000
427 Powell Avenue, Newburgh, NY 12550View this property at 427 Powell Avenue, Newburgh, NY 12550
427 Powell AvenueNewburghNY12550
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Property Description
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!
Full Property Details
Full Property Details for 427 Powell Ave
General
- Sold For: $485,000
- Taxes: $15,320
- Status: Closed
- Type: Multi-Family
- MLS ID: H6124863
- Added to Site: 1, 037 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Parking
- Garage Spaces: 2
- Total Spaces: 10
Location
- County: Orange
- Township: Newburgh
- Driving Directions: Water St to Powell, see sign on rt.
School Information
- Elem School District: Newburgh
- Midd School District: Newburgh
- High School District: Newburgh
- Elementary School: Magnet Sch of Math Science & Design
- Middle School: South Middle School
- High School: Newburgh Free Academy
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Natural Gas, Hot Water, Steam
- Heating Zones: 2
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Colonial
- Basement Desc.: Walk-Out Access
- Living Area: 3,368 Sq. Ft.
- Year Built: 1920
Lot Features
- Property View: Water
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,252
- Lot Size Source: Other
- Road Maintenance: Public Maintained Road
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $15,320
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- APN: 331100.003.000-0007-019.000/0000
- Property ID: 331100.003.000-0007-019.000/0000
Listed by RE/MAX Town & Country
Sold by Hudson Valley Home Connection
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Schools
Schools serving 427 Powell Ave
School District:Newburgh City School District
Rating | Name | Grades | Distance |
---|---|---|---|
Newburgh Free Academy Main Campus
201 Fullerton Ave, Newburgh, NY 12550 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 427 Powell Ave
Date
Details
Price
Change
Source
10/05/2021
Sold
$485,000
-2.81%
MLS
6/24/2021
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
427 Powell Avenue, Newburgh, NY 12550 (MLS# H6124863) is a Multi-Family property that was sold at $485,000 on October 05, 2021. Want to learn more about 427 Powell Avenue? Do you have questions about finding other Multi-Family real estate for sale in Newburgh? You can browse all Newburgh real estate or contact a Coldwell Banker agent to request more information.