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Key Details
Sold Price $579,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,104 sqft
Price per Sqft $186
MLS Listing ID H6139740
Style Colonial
Bedrooms 8
Full Baths 3
Half Baths 1
Year Built 1890
Annual Tax Amount $14,000
Property Description
Money Maker in New Paltz! Sought after prime location for student housing in the Village of New Paltz right between campus and Main Street. This property on three levels is 100% occupied, continuing a long history as a popular student rental. This property features two separate units rented annually to SUNY New Paltz students; one is a 3-bedroom 1.5 bath, and the other is a 5-bedroom 2 bath. Garage is also rented. The house sits at the end of a cul-de-sac offering plenty of off-street parking. Students love the generously sized bedrooms, comfortable layout, and spacious common areas. Utilities, which are separated by unit, are currently paid by landlord. Minutes from restaurants and shopping on Main Street. Close to scenic parks and outdoor activities. Very close to the Trailways bus terminal that services commuters from Albany to New York City. This multifamily property is a unique find offering a strong NOI. Can be professionally managed through perch'n. More info at ppxinvest.
Location
State NY
County Ulster
Interior
Heating Electric, Oil, Baseboard
Cooling None
Flooring Hardwood
Exterior
Garage Detached, 1 Car Detached, Common, Off Street
Garage Spaces 1.0
Fence Fenced
Building
Lot Description Level, Near Public Transit, Cul-De-Sec
Sewer Public Sewer
Water Public
Structure Type Frame, Cedar, Shake Siding
Schools
Elementary Schools Call Listing Agent
Middle Schools New Paltz Middle School
High Schools New Paltz Senior High School
School District New Paltz
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Bought with RMB & Associates