Multi Family 2-4 in Ulster County
| MLS Number | 851293 |
|---|---|
| Address | 234 State Route 32 S, New Paltz, NY 12561 show map |
| Price | $389,000 show mortgage calculator |
| Acres | 1.2 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | Duzine |
| Jr High-Middle School | New Paltz Middle School |
| High School | New Paltz Senior High School |
| Estimated Taxes | $8,004 |
| Total Apt Units | 2 |
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.
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