Property Details

Overview

Turn-Key Investment Opportunity in New Paltz! Fully occupied and income-producing, this well-maintained 2-family property is a prime addition to any investor’s portfolio. Located in the heart of New Paltz with low taxes, this property features two spacious 2-bedroom, 1-bath units, each offering 1, 138 sq ft of comfortable living space. Both units are occupied by long-term tenants — one for 7 years — currently generating 1, 650 and 1, 400/month, with tenants responsible for all utilities. That’s 3, 050/month in rental income with room to grow, as current rents are below market value — comparable 2-bedroom rentals in the area are averaging around 2, 000/month. Additionally, the property includes a concrete block shed, offering further income potential through storage rental or other creative uses.