1 month on rocket

18 Old N Plank Road, Newburgh, NY, 12550

$1,150,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
0 Baths
5,528 SqFt
$208/SqFt
Multi
Schools Nearby

Location

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18 Old N Plank Road, Newburgh$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingParking Lot
Year Built1930
HeatingPropane, Baseboard
CoolingNone
BasementYes
MLS #H6293746
Lot Size2.40 Acres
StatusActive
(A)

About 18 Old N Plank Road

A/O 4/10 Showing for backup. Welcome to 18 Old North Plank Rd. Newburgh, NY. A rare investment of 8% cap rate! Buildings with a total of 8 apartments! Three 3-bedroom units and five 1-bedroom units. This 2.4-acre Property is perfectly situated on a corner lot. All units are occupied by tenants on a month-to-month lease. Separate utilities for each unit. Every tenant pays their own heat & electricity bill. See an income & expense sheet in the photos. 24-hour notice is required for showings. Proof of funds and/or pre-approval is required for a confirmed appointment. Grab this super deal before it's gone! Showings only on Tuesday.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 5,528 SqFt

Listing Office:

  • Office Name: Exit Realty Venture
  • Office Phone: (845) 537-0116

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 14

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 2.40 Acres

Utilities

Utilities Information:

  • Heating: Propane, Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: Rt. 32 ( North Plank Road ) west from 9W / 84 to right on Old North Plank Road, property is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $208/SqFt
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Housing Market Comparison

See how this home compares to others in Newburgh, NY.

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Newburgh, NY

City

Med. Sold Price

$355K

Med. Price/SqFt

$211

Avg. Days On Market

54

# of Sold Homes

26

18 Old N Plank Road vs Newburgh

37 DAYS ON ROCKET

-17 Days

$1,150,000

+$795K More

$208/SqFt

-$4 Less

KEY TAKEAWAY

This property is $795K more than the Median Sold Price and $4/SqFt less than other homes in Newburgh, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6293746

Listing Office:

  • Office Name: Exit Realty Venture
  • Office Phone: (845) 537-0116

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/27/2024, 11:11:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1189578
6
/10

  • Gardnertown Fundamental Magnet School

  • 6 Plattekill Tpke

  • 1.15 miles

  • Public Magnet Grades PK-5

school-card-donut-1189579
2
/10

  • Balmville School

  • 5144route 9w

  • 1.36 miles

  • Public Magnet Grades PK-5

school-card-donut-1189580
4
/10

  • Fostertown Etc Magnet School

  • 364 Fostertown Rd

  • 1.66 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $104,821. The majority of Newburgh, NY residents have income between $100k-200k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Orange County›Newburgh›12550›18 Old N Plank Road

This home is located at 18 Old N Plank Road in Newburgh, NY and zip code 12550. This 5,528 square foot home, which was built in 1930, sits on a 2.40 acre lot. Features: 14 bedrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $1,150,000.

Over 4 listings were sold over their listed price in March 2024 in Newburgh, NY. In the same period over 15 listings were sold below the listed price and 7 listings were sold for the listed price. In March 2024 in Newburgh, NY there were 2.8% more homes for sale than in February 2024. Listings spent 54 days on the market in March 2024, and had a median list price of $355,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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