9 Benedict Lane Unit #5-7, New Windsor, NY 12553
- $899,000
- 8
- BD
- 4
- BA
- List Price
- $899,000
- Status
- ACTIVE
- Days on Market
- 13
- MLS#
- 1026800
- Subtype
- Residential Income
- Year Built
- 1951
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Lot Size
- 60,984
- Acres
- 1.40
- Neighborhood
- New Windsor
Property Description
Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand. This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories. Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
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Additional Information
- Interior Features
- First Floor Bedroom, Eat-in Kitchen
- Taxes
- $16,777
- Heating
- Baseboard, Oil, Propane
- Air Conditioning
- None
- Foundation
- Other
- Parking
- Driveway
- Parking Features
- Driveway
- School District
- Cornwall
- Elementary School
- Cornwall Elementary School
- Middle School
- Cornwall Middle School
- High School
- Cornwall Central High School
Mortgage Calculator
Listing courtesy of Listing Agent: Virginia Corbett (info@virginiacorbetthometeam.com) from Listing Office: eXp Realty.