$414,900

Some opportunities announce themselves the moment you walk in, before a single wall goes back up. This is one of them. What you are looking at is a brick and brownstone townhouse built in 1890, three floors of good bones on a stretch of Newburgh that has quietly become one of the fastest moving pockets in all of Orange County. The heavy lifting has already started. Demolition is well underway, the electrical and plumbing permits are approved and waiting for you to finish, the architectural plans are drawn, and many of the materials have already been purchased and secured. Someone else absorbed the slowest, most uncertain part of a project like this. You get to step in at the moment it becomes exciting. Look past the dust and you will see what the camera saw. Original hardwood underfoot. Brick that has held its color and character for well over a century. Ceiling height and window placement that newer construction forgets to give you. This is the kind of canvas people spend years hunting for and almost never find with the approvals already in hand. Then there is the math that lets you sleep at night. Three separate units under one roof, a 1 bedroom on the ground floor, a 3 bedroom on the first, and a 2 bedroom on the second, together projected to bring in roughly $5,500 a month once complete. Live in one, let the other two carry the building, and watch your cost of ownership shrink to something that feels almost unfair. Public water and sewer plus natural gas heat keep the monthly carrying costs friendly, the kind of numbers that make an investment easy to hold and easy to rent. A renovation loan can fold the purchase and the work into a single move, so you build equity and income at the same time instead of choosing between them. The location does a lot of the earning for you. You are minutes from Montefiore St. Luke's Cornwall Hospital, Mount Saint Mary College and the SUNY Orange Newburgh campus, three engines that keep steady tenants looking for exactly this. Walk down toward the Hudson River waterfront for dinner at Blu Pointe, tacos at Hudson Taco, or a pint at Newburgh Brewing Company. Downing Park and Washington's Headquarters sit close enough for a slow Sunday. When you need to be anywhere else, I-84, I-87 and Route 9W are right there, New York Stewart International Airport is a short drive when the trip is a bigger one, and Manhattan sits about 60 miles south, close enough to keep the city in reach without paying to live in it. The vision is already sketched. The permits are already signed. The brick is already beautiful. All that is left is the person who can see it.