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Listed by: eXp Realty, LLC
$ 495,000
Est. payment /mo
Active Under Contract
232 Route 32 S New Paltz, NY 12561
3 Beds
3 Baths
1,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $275
MLS Listing ID 20251011
Bedrooms 3
Year Built 1900
Annual Tax Amount $6,985
Tax Year 6985
Lot Size 2.100 Acres
Acres 2.1
Property Sub-Type Triplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
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.
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
Area New Paltz
Zoning R1
Interior
Heating Baseboard, Electric
Cooling None
Exterior
Utilities Available Electricity Connected
Building
Sewer Septic Tank
Schools
High Schools New Paltz Central
School District New Paltz Central
Others
Tax ID 388909400200040100000000
AFFORDABILITY CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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