232 State Route 32 Open House Save Request In-Person Tour Request Virtual Tour
New Paltz,NY 12561
OPEN HOUSE
Sun Apr 27, 12:00pm - 1:30pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY851288
Style Ranch
Originating Board onekey2
Rental Info No
Year Built 1900
Annual Tax Amount $6,984
Lot Size 2.100 Acres
Acres 2.1
Property Sub-Type Triplex
Property 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.
Location
State NY
County Ulster County
Interior
Interior Features Other
Heating Baseboard,Electric,Other
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Available
Garage false
Building
Sewer Septic Tank
Water Well
Schools
Elementary Schools Duzine
Middle Schools New Paltz Middle School
High Schools New Paltz Senior High School
School District New Paltz
Others
Senior Community No
Special Listing Condition None