123 Rock Cut Road Newburgh, NY $ 599,000
123 Rock Cut Road
$ 599,000
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123 Rock Cut Road

Newburgh, NY, 12550
$ 599,000
Baths0.0 Sq 2,139

Monthly Estimate*

$ 3,587

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Studio

Multi-Family Home for sale in Newburgh, NY

for $599,000. This 2,139 square foot home was built in 1964.

Three units on a 3.3 acre parcel with a three/four bedroom cape cod plus two 1-Bedroom units and 3 garages. You may use this property as a single family with rental units or use those units for extended family assemblage. Lovely wooded, level setting with mature landscaping, this site has room for an additional building or is a candidate for a 2 lot subdivision. Very well located near Orange Lake, one mile for I-84 and the NYS Thruway. The cape has an enormous front room which is open to the kitchen and main entry. There is also a formal Living Room with Fireplace, Office, and two bedroom with a full bath, which complete the first floor. The full cellar is partially finished and has a exit to grade. The Cape has central air, forced warm-air oil Heat, a well, septic, and a lovely garden pavilion. The long accessory building has three residential garage doors plus 2 one bedroom apartments. The month to month rentals are $700 and $800/month. Both apartments have living areas that open to the kitchens and a private bedroom and full bath. For the apartments there is one hot water, boiler and heater, one well and septic which is not shared with the main house but separate electrical meters for each unit. This is a tremendous property that is new to the market after being a family compound for over 56 years.The property is level and has so many possibilities. Family owned since 1958 this is a very large parcel with multiple occupancies.

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Multi-Family Pending

Price

$ 599,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,231

Style

Cape Cod

Year Built

1964

Town/City

Newburgh

County/Region

Orange

MLS | Web ID

H6307437

Features
Interior
Basement Walk-Out Access
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General
Architectural Style Cape Cod
High School Valley Central High School
High School District Valley Central
NumberOfUnitsTotal 3
Elementary School East Coldenham Elementary School
Middle/Junior High School Valley Central Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Middle/Junior School District Valley Central
Elementary School District Valley Central
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* Excluded Features
List By
Jeffrey Lease

Listing Agent

John J Lease Realtors Inc

Broker

jefflease@johnjleaserealtors.com

Email

Affordability Calculator

$4,107
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$519
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4098960 Elementary School
4098825 Middle School
Valley Central High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2024$599,000 -14.31% Price Down
5/29/2024$699,000 -6.68% Price Down
5/21/2024$749,000 Listed Price

Map


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123 Rock Cut Road, Newburgh, NY, 12550 is a Multi-Family Home for sale at $599,000 with 2,139 sqft. 123 Rock Cut Road is a studio with 0.0 baths and was built in 1964. The property's zip code is 12550 which is in Newburgh, NY