NOT LISTED FOR SALE

271 Powell Ave Newburgh, NY 12550

7 Beds
4 Baths
2,960 Sq Ft
7,500 Sq Ft Lot

Last Sold June 13, 2023

Last sale price $650,000 $220 Per Sq Ft

48 Days on Market

Highlights

  • Water Access
  • Hot Water Heating System
  • Level Lot

About This Home

As of June 2023

Fantastic investment property in a great location! Four apartments units (three 2BR and one 1BR) plus two finished basements. "Both sides" of the building are for sale-- all pictured. Located on a double-wide lot across the street from Mount St Mary's College in a great peaceful neighborhood. Recent improvements include full renovations of 3 apartments (the fourth is in great shape with a long term tenant), and the addition of off-street tenant parking spots. Maintained by a conscientious landlord, this is a gem for those looking to invest in Newburgh. All tenants current on rent and lovely to meet!

Last Agent to Sell the Property

Sarah Beckham

ReAttached Brokerage Email: sarah@reattached.team License #10491209114 Listed on: 02/07/2023

Last Buyer's Agent

Maurice Bailey

Neighborhood Assistance Corp License #10401298569

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,728

Year Built

  • Built in 1900

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,960 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Water Access

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Propane

Community Details

  • 4 Units
  • 5 Separate Electric Meters

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 331100-007-000-0007-011.100-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,728

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1900
  • Attribution Contact: sarah@reattached.team
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Full
  • Total Bedrooms: 7
  • Living Area: 2960
  • SquareFootage: 2960.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Waterfront Features: Water Access

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Propane, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Fuel Oil Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7500
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 331100-007-000-0007-011.100-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 3
  • NumberOf3Bedrooms: 0
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 12728
  • Tax Map Number: 331100-007-000-0007-011.100-0000

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2023 06/13/23 Sold $650,000 +8.5% $220 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
02/07/2023 02/07/23 For Sale $599,000 -- $202 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,114 $504,000 $118,900 $385,100
2023 $10,114 $306,000 $118,900 $187,100
2022 $12,366 $289,400 $36,100 $253,300
2021 $13,500 $289,400 $36,100 $253,300
2020 $12,371 $261,700 $36,100 $225,600
2019 $6,250 $204,000 $36,100 $167,900
2018 $6,250 $204,000 $43,700 $160,300
2017 $11,745 $204,000 $43,700 $160,300
2016 $11,091 $190,500 $43,700 $146,800
2015 -- $190,500 $43,700 $146,800
2014 -- $214,300 $43,700 $170,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6231420

OneKey® MLS