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Listed by Carol Spirig, Murphy Realty Group
AAA prime Hudson Valley property just minutes from the heart of New Paltz. 4 incredibly charming apartments with hardwood floors, updated kitchen and baths. Fairly new windows and large oil fueled industrial size HWH. Good long term tenants want to stay. There is never a vacancy here. This unique compound is a hidden gem on 1.5 acres. Large lawn and organic garden area. Spacious gravel drive with ample parking. A superb investment opportunity offering a 8% cap rate. 5 electric meters. 2 units have electric heat and 2 have oil FHA. 4 stoves, refrigerators, washers and dryers. Owner pays oil heat for 2 units and cooking propane for all. This location is an easy commute to NYC via Trailways offering non-stop service. Superb investment or reside with income toward the mortgage. Some apartments are below market value. Leases are month to month.

More Info

Basic Information

  • Acreage1.59
  • List Price$799,000
  • MLS Number20201972
  • Property Type4 Family
  • SewerSEPTIC-INGR.
  • StyleFARM HOUSE
  • Units4
  • Year Built1960

Interior

  • AmenitiesGARDEN AREA
  • Fireplace DescriptionBRICK
  • Fireplace LocationLIVING ROOM
  • FloorsCERAMIC, HARDWOOD, LINOLEUM
  • Other RoomsFLORIDA SUN ROOM
  • Unit 1 Baths1
  • Unit 1 Bedrooms2
  • Unit 2 Baths1
  • Unit 2 Bedrooms2
  • Unit 3 Baths1
  • Unit 3 Bedrooms2
  • Unit 4 Baths1
  • Unit 4 Bedrooms1

Location

  • Address3 Ann Street
  • Area TownNEW PALTZ
  • Building Number3
  • High School DistrictNEW PALTZ
  • StateNY
  • StreetAnn
  • TownNew Paltz
  • Zip12561
  • ZoneRes

Water Body

  • Lfd WaterDRILLED WELL

Building

  • BasementPARTIAL, SLAB
  • ConstructionFRAME/STICK
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY
  • Garage TypeNone
  • RoofASPH SHINGLE
  • SidingWOOD
  • Unit 1 Rent2250

Utilities

  • Cooling Air ConditioningNONE
  • Heat SourceBASEBOARD, FORCED AIR
  • Heating FuelELECTRIC, OIL

Other

  • AppliancesDRYER, RANGE, REFRIGERATOR, WASHER
  • Electricity200 AMPS
  • Lot40
  • Lot Dimensions1.59
  • Lot FeaturesLEVEL
  • Lot SiteRURAL
  • PlumbingMIXED
  • StatusACT
  • View Count104

New Paltz, NY Demographics

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New Paltz, NY Real Estate Market Data

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New Paltz, NY Schools

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