64 William St Newburgh, NY 12550

Property Details for 64 William St

Year built

1918

Lot size

0.06 lot acres

Property size

2,844 SF

Zone code

RM

Property type

Investment properties

Property subtype

Live-work space

APN

331100 38-3-33

APU

33110038333

Description

This exceptional investment opportunity presents two adjacent mixed-use buildings in the vibrant city of Newburgh, New York, totaling 7,632 square feet. Sold as a single package, this property offers significant potential for renovation and redevelopment. Each building features a ground-floor commercial space, ideal for retail or other businesses, complemented by residential units situated above. In total, the package includes six residential rental units and two street-level storefronts. The buildings are being offered as fixer-uppers, presenting a chance for a savvy investor to add value through renovations and upgrades. The location in downtown Newburgh provides excellent visibility and access to local amenities and transportation. This is a rare opportunity to acquire a substantial portfolio of mixed-use properties in a growing market. The buildings are situated on a combined lot size of zero acres, indicating the properties are likely situated on contiguous lots. The asking price of $648,998 represents a compelling entry point for investors seeking a significant return on investment. The potential rental income from the six residential units, combined with the income-generating potential of the two commercial spaces, makes this a highly attractive proposition. Serious inquiries are encouraged to explore this unique opportunity further. Detailed property information and financial projections are available upon request.

Location Insight

City

Newburgh

County

Orange

State

New York

Longitude

-74.0164

Latitude

41.4975

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments