13 Benkard Avenue   |  Newburgh, NY 12550

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Edward Kalisvaart

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  • 9 bed | 1 full bath | 0 sqft | Condo/Townhouse

  • $125,000

  • Est. Monthly Payment: $1,232,123/mo
     
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All brick building with 3 apartments, fully rented. Buy the property as a cash flow producing investment with a CAP rate of 20%! The gross annual rent income is $33,600 and total expenses are $8,700 (tax, water, sewer, garbage and insurance) netting an annual income of $24,900. That is a return of 20% before leveraging any financing! Or live in one apartment yourself while keeping the other 2 rented. This brings the net income to $14,700 and a yearly cash flow of around $7,500 and that is after the mortgage is paid. Live for free AND get paid!

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Property Features

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Interior Features
  • Bedrooms: 9
  • Full Baths: 1
Exterior Features
  • Lot Size: 3049 ft

Utilities
  • Heating Desc: Hot Water

Additional and Community Information

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Additional
  • Property Type: Condo/Townhouse
  • Annual Taxes: $3,500
Community
  • School District: NEWBURGH
  • Grade School: MAGNET
  • Junior High School: MAGNET
  • High School: NFA

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