New Paltz, NY 12561

Property

Ownership: For Sale
Type: Unknown
Pets: Pets No
Lot Size: 2.10 Acres

Financials

Price:$495,000
Annual Taxes:$6,984.67
44 W 24th St, New York, NY 10010, USA
Phone:
Listing Courtesy of eXp Realty

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.

Amenities

  • Electricity Available
  • Other

Rare Investment Opportunity in New Paltz Turnkey 3 1800 square Family Property !


    Long Island MLS

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