Multi Family 2-4 in Orange County
| MLS Number | 953231 |
|---|---|
| Address | 9 Benedict Lane # 5-7, New Windsor, NY 12553 show map |
| Price | $999,000 show mortgage calculator |
| Acres | 1.4 |
| Year Built | 1951 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $16,778 |
| Total Apt Units | 3 |
| Total Bedrooms | 8 |
| # 1 Brs | 1 |
| # 3 Brs | 1 |
| # 4 Brs | 1 |
Offered at $999,900, this legacy investment property in New Windsor within the Cornwall School District includes three separate single-family homes on approximately 1.4 acres. For buyers searching for a multi-home investment property in Orange County, this offers a rare setup with multiple income streams on one parcel. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand. This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories. Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The 1.4-acre lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. Buyers must use cash or a renovation loan.
Eat-in Kitchen
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