12 Russo Drive, Newburgh, NY 12550
- $569,000
- 5
- BD
- 4
- BA
- List Price
- $569,000
- Status
- ACTIVE
- Days on Market
- 33
- MLS#
- 1038103
- Subtype
- Residential Income
- Style
- Modern
- Year Built
- 1940
- Bedrooms
- 5
- Bathrooms
- 4
- Full Baths
- 4
- Lot Size
- 29,125
- Acres
- 0.67
- Neighborhood
- Newburgh
Property Description
Great investment opportunity is knocking on your door! Location, location, location! This multi-family investment property is looking for new ownership. Located in the Town of Newburgh and within the Marlboro School District, this property offers excellent potential for investors. The property consists of three residential units, each with its own electric meter. The first floor features a spacious, walk-in 3-bedroom, 2-bathroom apartment with a laundry room. The second floor offers two 1-bedroom, 1-bathroom apartments, that share a common staircase and entrance on the right side of the building. There is also a full basement that could potentially be incorporated into the first-floor apartment to create a large living space for an owner-occupant. Alternatively, it could potentially be converted into a fourth unit, as it was previously used years ago, subject to updates and required code upgrades, including a sprinkler system and other improvements. The property's desirable location makes it attractive to renters, particularly those seeking access to the Marlboro School District. Don't miss this excellent investment opportunity in a sought-after location!
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Additional Information
- Interior Features
- First Floor Bedroom, First Floor Full Bath, Natural Woodwork
- Taxes
- $8,175
- Property Description
- Modern
- Flooring
- Hardwood
- Heating
- Electric
- Air Conditioning
- Wall/Window Unit(s)
- Foundation
- Brick/Mortar
- Parking
- Driveway, Parking Lot
- Parking Features
- Driveway, Parking Lot
- School District
- Marlboro
- Elementary School
- Marlboro Elementary School
- Middle School
- Marlboro Middle School
- High School
- Marlboro Central High School
Mortgage Calculator
Listing courtesy of Listing Agent: Joel Winkler (Jwinklerhomesales@gmail.com) from Listing Office: Preferred Properties Real Esta.