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Multi Family 2-4 in Ulster County
MLS Number851288
Address232 State Route 32 S, New Paltz, NY 12561 show map
Price$495,000 show mortgage calculator
Acres2.1
Year Built1900
Est. Sq. Footage0
Elementary SchoolDuzine
Jr High-Middle SchoolNew Paltz Middle School
High SchoolNew Paltz Senior High School
Estimated Taxes$6,985
Total Apt Units3
Remarks

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

This listing is Courtesy of eXp Realty ().

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