236 State Route 32,New Paltz, NY 12561
New Paltz, NY 12561
Description
Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permitsunlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns.
Details
| MLS # | 851301 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 506 |
| Listing Provided By | eXp Realty | Jason W. Schobert |
Features
| Basement | Y |
|---|---|
| Units | 3 |
| Acreage | 1.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard, Electric, Other |
| Interior Features | Other |
Exterior
| Construction Materials | Frame |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 170800 |
| Tax Annual Amount | 6824.85 |
Area Information
| State | NY |
|---|---|
| County | Ulster County |
| City | New Paltz |
| Zip Code | 12561 |
| School District | New Paltz Senior High School |
| Elementary School | Duzine |
| High School | New Paltz Senior High School |
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Learn More About This Property
| State | NY |
|---|---|
| County | Ulster County |
| City | New Paltz |
| Zip Code | 12561 |
| School District | New Paltz Senior High School |
| Elementary School | Duzine |
| High School | New Paltz Senior High School |