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Listed by: eXp Realty, LLC
$ 389,000
Est. payment /mo
Pending
234 State Route 32 S New Paltz, NY 12561
1,338 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,338 sqft
Price per Sqft $290
MLS Listing ID 20255096
Year Built 1900
Annual Tax Amount $8,004
Tax Year 8004
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Duplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Turn-Key Investment Opportunity in New Paltz! Fully occupied and income-producing, this well-maintained 2-family property is a prime addition to any investor's portfolio. Located in the heart of New Paltz with low taxes, this property features two spacious 2-bedroom, 1-bath units, each offering 1,138 sq ft of comfortable living space. Both units are occupied by long-term tenants — one for 7 years — currently generating 1,650 and 1,400/month, with tenants responsible for all utilities. That's 3,050/month in rental income with room to grow, as current rents are below market value — comparable 2-bedroom rentals in the area are averaging around 2,000/month. Additionally, the property includes a concrete block shed, offering further income potential through storage rental or other creative uses.
Location
State NY
County Ulster
Area New Paltz
Zoning R1
Interior
Interior Features Other
Heating Baseboard, Electric
Cooling None
Exterior
Utilities Available Electricity Connected
Building
Sewer Septic Tank
Water Well
Schools
High Schools New Paltz Central
School District New Paltz Central
Others
Tax ID 388909400200040090000000
AFFORDABILITY CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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