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Listed by Yameil Nunez, Berardi Realty
Amazing Turnkey Investment Opportunity right in the heart of the 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 with 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. Gross monthly income 12k-13k!!!

More Info

Basic Information

  • Acreage0.16
  • List Price$1,199,000
  • MLS Number20213494
  • MlsStatusFully Executed Contract
  • Property TypeMulti-Unit
  • SewerCOMMUNITY
  • StyleVICTORIAN
  • Units17
  • Year Built1900

Amenities

  • Other AmenitiesBasement

Location

  • Address40 N Chestnut
  • Area TownNEW PALTZ
  • Building Number40
  • High School DistrictNew Paltz Central
  • StateNY
  • StreetChestnut
  • TownNew Paltz
  • Zip12561
  • ZoneRes

Utilities

  • Heat SourceRADIATORS
  • Heating FuelPROPANE
  • Hot WaterELECTRIC

Building

  • BasementPARTIAL
  • ConstructionFRAME/STICK
  • Garage Capacity
  • Garage TypeNone
  • RoofASPH SHINGLE
  • SidingVINYL

Interior

  • Fireplace DescriptionNONE
  • FloorsCERAMIC, HARDWOOD

Water Body

  • Lfd WaterCOMMUNITY

Other

  • AppliancesDRYER, RANGE, REFRIGERATOR, WASHER
  • Electricity200 AMPS
  • Lot20
  • Lot Dimensions0.16 of an ac
  • Lot FeaturesLANDSCAPED, LEVEL
  • Lot SiteHAMLET/VILLAGE
  • PlumbingMIXED
  • Short SaleNo
  • View Count32

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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