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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $169
MLS Listing ID H6142814
Year Built 1900
Annual Tax Amount $22,214
Lot Size 6,969 Sqft
Property Description
Amazing Turnkey Investment Opportunity right in the heart of New Paltz Village! Solid 17 Unit, 4 bath rooming house Fully Occupied in High Demand. Many recent upgrades including New Roof, New Siding, Freshly paved blacktop parking lot with 11 parking spaces, New Propane Steam Furnace, New Electric Water Heaters, High Standard Triple Pane Windows for maximum insulation. New upgraded, High tech security cameras installed throughout, New Laundry Room with coin operated washer/dryer system for a little extra cash flow, Equipped with 2 wifi- business routers, new 10 year sealed battery smoke/carbon detectors, and new appliances in the kitchen. Structure protected by fire sprinkler system. Each unit is supplied a mini fridge, and is coax and ethernet cable wired. This is an immediate cash flow property, currently listed at a 7% CAP with an almost 9% projection. Income/Expense Sheet Gross Monthly income 12k-13k!!!
Location
State NY
County Ulster
Interior
Heating Propane, Hot Water
Cooling None
Exterior
Garage Driveway, Parking Lot, Off Street
Building
Lot Description Level, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Frame, Vinyl Siding
Schools
Elementary Schools Duzine School
Middle Schools New Paltz Middle School
High Schools New Paltz Senior High School
School District New Paltz
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Bought with BHHS Hudson Valley Properties
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