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232 State Route 32 S New Paltz, NY 12561

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For Sale
Pending
$495,000

Turnkey 3-family property in New Paltz with income potential.

Lot size:
2.10 Acres

Property Features for 232 State Route 32 S

General Information

Property type
Investment
Standard status
Pending
Lot size
2.10 Acres

Building Details

Year built
1900

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Listing Contact
Jason W. Schobert
Source: Elliman

Listing Agency: eXp Realty Listing Agent: Jason W. Schobert

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Paltz Triplex Investment

This turnkey 3-family property is located in New Paltz on 2.1 acres. Each of the three units features 1 bedroom. The current rent roll totals $4,450 per month. Two of the three units are currently rented below market value, with potential to increase the monthly income to approximately $5,400 per month. Tenants are responsible for all utilities, including heat and electricity. Recent upgrades include a newer roof, updated flooring, and renovated bathrooms, as well as a 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, suitable for storage or rental income.
Location Intelligence

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Location Insight

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City
New Paltz
County
Ulster
State
New York
Longitude
-74.07798
Latitude
41.766677

FAQs

What type of property is this?
Triplex - Turnkey 3-family property in New Paltz with income potential.
Where is this triplex located?
The property is located at 232 State Route 32 S New Paltz, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: - Turnkey, income-generating 3-family property in New Paltz on 2.1 acres.; - Potential to increase monthly rental income to approximately $5,400 by raising rents to market value.; - Tenants pay all utilities (heat and electricity), resulting in low expenses for the owner.
More about this property
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