Multi Family 5+ in Orange County
| MLS Number | 1060319 |
|---|---|
| Address | 226 Montgomery Street, Newburgh, NY 12550 show map |
| Price | $1,285,000 show mortgage calculator |
| Acres | 0.24529384756657 |
| Year Built | 1870 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $18,374 |
| Total Apt Units | 5 |
A rare river-view gem of a trophy investment property on the Hudson! 226 Montgomery Street is a magnificent circa-1870 brick residence thoughtfully converted into five beautifully renovated apartments. This stately property has kept its historic pomp: sky-high ceilings, oversized windows, decorative fireplaces, original architectural details, and graciously proportioned rooms. At the same time, its conversion to multifamily use makes it a practical investment property, with fantastic tenants who treat it like home. Recent roof and woodwork renovations, along with attractive tax abatements, help make future pro forma projections more predictable. The five residences include one 3-bedroom, one 2-bedroom, and three 1-bedroom apartments, each with its own distinct character and views. The property also offers off-street parking, a yard with a view, and a deck. All five apartments are currently leased. Preserved architecture, substantial scale, renovated interiors, and desirable river-view location on peaceful Montgomery St! Welcome to a keen opportunity to acquire a landmark-quality multifamily property with strong existing income and enduring architectural appeal.
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