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About This Home

This 8-bedroom, 4-bathroom residential multi family at 9 Benedict Lane in New Windsor, NY is listed for $949,000. Built in 1951, on a 1.40 acres lot.

Agent 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.

Key Features

  • Built in 1951
  • 1.40 acre lot

Property Details

4 full
#5-7
1951

Monthly Cost Estimate

$5,075/mo

20% down · 6.5% · 30 years

Principal$686
Interest$4,112
Insurance$277

Estimates only. Actual payments may vary.

Location

9 Benedict Lane

New Windsor, NY 12553

Features & Amenities

Interior Features

First Floor BedroomEat-in Kitchen

Property Details

Parking

Driveway

Heating

BaseboardPropane (Heating)Oil

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 9 Benedict Lane is listed at $949,000. The estimated monthly payment is $4,112 based on 20% down at 6.5% interest.

Key features include: Built in 1951, 1.40 acre lot. Interior Features: First Floor Bedroom, Eat-in Kitchen.

This property is listed by Virginia Corbett and can be reached at 8455823790 or info@virginiacorbetthometeam.com.

VC

Virginia Corbett

Agent at eXp Realty

(845) 582-3790

Listed by eXp Realty · View on Broker Site

MLS# 953231· Source: listhub· Updated 130 days ago

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9 Benedict Lane, New Windsor, NY 12553

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