$695,900

Welcome to 41–43 City Terrace, a mixed-use building in the City of Newburgh offering approximately 9200 sq. ft. of space. The property features three apartments on the second floor and a 4,500 sq. ft. open shop on the first floor. The building is serviced by one gas meter and one electric meter, with the landlord currently covering all expenses. Annual taxes are approximately $17,000. All tenants are on month-to-month arrangements, and the property will be conveyed with tenants in place. The apartments are heated by baseboard heat, with a recently replaced gas burner and water heater. The top floor was newly built out with updated plumbing, framing, and electrical systems. The shop features large shop garage dooir for easy access, and a separate entry door provides access to the upstairs apartments. Don't let customers miss this City of Newburgh mixed use property. A cap can be provided.