Address: 263 Grand St, Newburgh
Description: In a city where history lingers at every corner, this 1880 rowhouse fits right into the old-world elegance of Newburgh. The Victorian-style home rests at 3,428 square feet and has been divided into four rentable units. It received a full renovation between 2018 and 2019 to bring it up to date while still preserving the original details of the space.
Within each of the apartments, light fills the interior and reflects across the elegant marble fireplaces and rich hardwood floors. All of the window have been professionally restored to preserve the integrity of the home, while modern touches like a new roof, boiler, water heater, and bathrooms provide every creature comfort residents could crave. The kitchens have been overhauled, too, and now boast stainless steel appliances, stone countertops, and sleek cabinets. A traditional staircase with an elegant mahogany banner runs throughout, echoing back to the home’s early days in the Hudson Valley.
Out back, a sweet garden area is fenced in and accessible for two of the units. Unit one comes with its own washer/dryer, while the other units can make use of the additional washer/dryer in the basement.
Asking price: $525,000
Selling points: Thanks to its recent renovation and four-unit structure, the Grand St. home is an ideal investment property for anyone looking for real estate in Orange County. It could either be completely rented out or used a live/rent space for the owner occupant, since unit one will soon be vacant. Current apartment rates are $1,400 per month for two of the units, $1,500 for another, and $1,250 for the ground floor studio.
As for its location in Newburgh, the rowhouse is conveniently located just a few blocks away from both the waterfront and Liberty Street, making is a dream home for anyone who wants to make the most of the city’s dining and shopping scene.
Listing agent: Rosemary Lee, Apple2Orange Realty