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236 State Route 32 S New Paltz, NY 12561

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For Sale
Pending
$475,000

Income-generating 3-family property with potential for a 4th unit.

Lot size:
1.06 Acres

Property Features for 236 State Route 32 S

General Information

Property type
Investment
Standard status
Pending
Lot size
1.06 Acres

Building Details

Year built
1900

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Listing Contact
Amanda Wilcox
Source: Elliman

Listing Agent: Amanda Wilcox

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

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Overview

Fully Occupied Triplex with Expansion Potential

This fully occupied, income-generating 3-family property features two 1-bedroom units and one 2-bedroom unit. Tenants are responsible for all utilities. There is an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits, unlocking even more income potential. Highlights include a durable metal roof and ample off-street parking with space for more vehicles than needed. It has a solid rental history. The property is currently bringing in 4,350 per month. The current rent roll is below market, leaving room for future rent increases and higher returns. The exterior could benefit from some TLC, but the property offers strong bones and immediate cash flow.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
New Paltz
County
Ulster
State
New York
Longitude
-74.0772978
Latitude
41.7664594

FAQs

What type of property is this?
Triplex - Income-generating 3-family property with potential for a 4th unit.
Where is this triplex located?
The property is located at 236 State Route 32 S New Paltz, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: - Fully occupied 3-family property generating $4,350 per month; - Unfinished 4th unit offers expansion potential and increased income; - Tenants pay all utilities
More about this property
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