234 State Route 32 Active Save Request In-Person Tour Request Virtual Tour
New Paltz,NY 12561
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 851293
Year Built 1900
Annual Tax Amount $8,003
Lot Size 1.200 Acres
Property Sub-Type Duplex
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 County
Interior
Heating Baseboard,Electric
Cooling None
Exterior
Utilities Available Electricity Connected
Building
Sewer Septic Tank
Water Well
Structure Type Frame
Schools
Elementary Schools Duzine
Middle Schools New Paltz Middle School
High Schools New Paltz Senior High School
Others
Special Listing Condition None