232 State Route 32 S, New Paltz, NY, 12561
$495,000
Multi Family
For Sale
Details
ML#: 851288
- Style: Ranch
- # of Families: 3
- Year Built: 1900
- Taxes: $6,985
- Status:Active
Description
Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don’t miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4, 450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1, 800. That means there’s room to increase your monthly income to approximately 5, 400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof, Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.
More Property Details
Lot Size: 2.1
Lot Sq Ft: 91476
Heat: Baseboard, Electric, Other
A/C: None
Water: Well
Sewer: Septic Tank
Taxes: $6,985
School District: Duzine
Listing Information provided courtesy of
eXp Realty
888-276-0630