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161 W Parmenter Street
NewburghNY 12550

$425,000
Sale Under Contract
Tools
Brochure
Size
9
Bedrooms
3
Full Baths
1,872 Sq Ft.
interior
0.06 Acres
Exterior
Financial
$425,000
Change Currency
$227
Price Per Sqft
$6,420
Annual taxes
Listing Details
Triplex
Property type
1924
Year Built
Newburgh City
School District
Newburgh City
School District
newburgh-city-school-district-newburgh-ny
Schools
Meadow Hill Global Explorations Magnet School
Middle
Newburgh Free Academy
High
13507389
Web Id
H6309416
MLS ID
175
Days Posted

Description

161 W Parmenter Street,

Newburgh, NY 12550

Fantastic investment opportunity or live rent-free in this spacious 3-family house located in the heart of Newburgh. Each unit offers comfort and functionality. The basement unit features 2 bedrooms, a cozy living room, a kitchen, and a full bath. The 1st-floor unit boasts 3 bedrooms, living room, kitchen, and a full bath. The 2nd-floor unit offers 4 bedrooms, a spacious living room, kitchen, and a full bath. Enjoy the convenience of a fenced-in backyard, perfect for outdoor gatherings or relaxation. This property is ideally situated close to transportation, shops, dining, and more, making it an attractive option for tenants and homeowners alike. The lower level unit (2 bed) is currently owner occupied, the first floor 3 bedroom ($1600) and second floor 4 bedroom ($1650) are month to month. Modest market rent of $1600, $1800 and $2000 respectively, the property would generate $65,000 rent roll/year. and an NOI of approx $50,000 - an 11.5% cap rate! Don miss out on this unique opportunity to invest in or reside in a versatile property.

This is an Pending listing.

Broker Office Phone Number: 888-276-0630

Copyright © 2024OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Fenced
  • Hardwood Flooring

Price History

datepricevariancetype
10/30/2024$425,000-Contract
Listing By: eXp Realty via Data Source: OneKey MLS 
listing agent: Virginia Corbett


Located at 161 W Parmenter Street, Newburgh, New York 12550, this Triplex is for Sale with a price of $425,000 USD. The property was built in 1924, includes 9 bedrooms, has 3 full baths. This listing has 1,872 Sq.Ft. of interior space on a lot of .06 Acres. See all Homes for Sale in Newburgh.
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