Incredible Investment & Development Opportunity!Step back in time with this charming 1800s Colonial situated on a beautiful 3.1-acre parcel offering endless possibilities. This home features 3 bedrooms, 1.5 bathrooms, and a spacious detached two-car garage with impressive 12-foot ceiling, perfect for storage, a workshop, or hobby space.What truly sets this property apart is its exceptional potential. A proposed subdivision for four additional building lots is nearly completed, creating a rare opportunity for investors, developers, or anyone looking to maximize future value. With an existing tenant already in place, buyers may benefit from immediate rental income while exploring future development opportunities.Enjoy the best of both worlds, peaceful country living with convenient access to parks, shopping, restaurants, schools, and major commuter routes. The picturesque setting, mature trees, and expansive acreage make this a truly special property.Whether you're looking for an investment property, development opportunity, or a charming historic home with room to grow, this unique offering deserves your attention. Long term tenant would love to stay and continue renting.
Estimated Payment
$ 2,835.93 per month $2,326.01 Principal & Interest $375.75 Property Tax $134.17 Homeowner's InsuranceListing By
Agency Name: Gillespie Real Estate LLC
Agency Contact: 845-565-7073
Shown By
Agent Name: Robin Bokor
Agent Phone: (516) 287-5626
Agency Title: Coldwell Banker American Homes
89 5th Avenue | MLS# 1010502
This single family home located at 89 5th Avenue , Newburgh, NY 12550 is currently listed for sale with an asking price of $460,000. This property was built in 1847 and has 3 bedrooms and 1 full and 1 partial baths with 1336 sq. ft. 5th Avenue is located within the Newburgh school district. Search Newburgh real estate on rbokor.cbamhomes.com today.