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270-272 Broadway
Port Ewen, NY 12466
$699,900
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
6000 Square Feet
Property Description
Here is your chance to own a little piece of Port Ewen history. Property is zoned GC/R12 it consists of a 6,000 sq. ft building which in the 50's it was a Label Factory, in the 70's it was a factory that made rubber mats for playgrounds, part was once a hair salon and most recently was an auto motive repair shop. Building is currently being used by owner as a warehouse and office. Office is in the front of building along with small kitchen and bath. Two large overhead doors on the side of building lead to service area. There is also another small overhead door for more storage. Stairs on the back of the building lead to what was once a 1,000 sq. ft, 2 bedrooms, 1 bath apartment, that is waiting to be finished it is all studded out waiting for your finishing touches. The warehouse/shop has new electrical service, rolled roof was done 2 years ago. As well as all new windows. Also included on this parcel is a 3 bedroom, 2 bath home which is currently rented for $1,600 a month tenants pay all utilities and are month to month. When you enter the side entrance of this home there is a door to your left which currently being used as primary bedroom and bath, which current owners were going to make it into a studio apartment which can still be done by just adding a kitchenette. And make the house a 2 bedroom. There is also a stand-alone one car garage that is rented out for $500 a month. Large parking area in back is also rented for parking at $500 a month. The rear part of the property is zoned R12 and is a buildable lot that borders Bowne St.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Commercial Sale-Mixed Use
Year Built
1901
MLS Number
--
Location
Address
270-272 Broadway
City
Port Ewen
State
NY
Zip Code
12466
County
ULSTER
Listing
Name
Phone
(845) 336-6100
Office Name
Office Phone
(845) 336-6185
Agent Name
Tracy Rios
Agency Phone
(845) 336-6185

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.