9 Benedict Lane 5-7,New Windsor, NY 12553
New Windsor, NY 12553
Description
Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. 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 large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
Details
| MLS # | 1026800 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 61 |
| Listing Provided By | eXp Realty | Virginia Corbett |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| Units | 3 |
| Acreage | 1.40 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard, Oil, Propane |
| Interior Features | First Floor Bedroom, Eat-in Kitchen |
Exterior
| Construction Materials | Other |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Utilities
| Utilities | Trash Collection Private |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 418800 |
| Tax Annual Amount | 16777.58 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | New Windsor |
| Zip Code | 12553 |
| School District | Cornwall Central High School |
| Elementary School | Cornwall Elementary School |
| High School | Cornwall Central High School |
| Listing VS Median (in 12553) | |
Price: $899,000 low | high Med: $407,500 On site: 61 low | high Med: 79.5 | |
Market Activity 12553
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | New Windsor |
| Zip Code | 12553 |
| School District | Cornwall Central High School |
| Elementary School | Cornwall Elementary School |
| High School | Cornwall Central High School |
| Listing VS Median (in 12553) | |
Price: $899,000 low | high Med: $407,500 On site: 61 low | high Med: 79.5 | |
