1256 North AveBeacon, NY 12508

Exceptional investment opportunity in Beacon, NY, presents a 21-unit multifamily property listed at $2,750,000. This Class B building boasts 24 parking spaces and offers a compelling blend of short-term and long-term rental potential. Seven units on the second and third floors are nearing completion, allowing a new owner to personalize finishes. The remaining 14 units on the first floor are configured as single-resident occupancy units, ideal for an Airbnb or hostel-style operation. This unique layout presents a flexible approach to maximizing rental income. The property's strategic location is steps from the Newburgh-Beacon Bridge and the train to Grand Central Station, catering to commuters. Beacon itself is a thriving residential area with a vibrant culinary scene, art attractions (including the Dia:Beacon Museum), and diverse shopping. Significant renovations have already been completed, minimizing immediate capital expenditures. Showings generally require 24-48 hours' notice. The property's price per unit is $130,952.38, reflecting strong value in this desirable market. This is a rare chance to acquire a well-positioned multifamily asset with significant upside potential in a rapidly growing area. The address is 1256 North Ave, Beacon, NY 12508.