Multi Family 2-4 in Ulster County
MLS Number | 851288 |
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Address | 232 State Route 32 S, New Paltz, NY 12561 show map |
Price | $495,000 show mortgage calculator |
Acres | 2.1 |
Year Built | 1900 |
Est. Sq. Footage | 0 |
Elementary School | Duzine |
Jr High-Middle School | New Paltz Middle School |
High School | New Paltz Senior High School |
Estimated Taxes | $6,985 |
Total Apt Units | 3 |
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.

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