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$475,000

Est. payment - /mo

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1.06 Acres Lot

Pending

236 State Route 32 New Paltz, NY 12561

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 851301

Style Colonial

Rental Info No

Year Built 1900

Annual Tax Amount $6,824

Lot Size 1.060 Acres

Acres 1.06

Property Sub-Type Triplex

Source onekey2

Property Description

Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits—unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns.

Location

State NY

County Ulster County

Rooms

Basement Full

Interior

Interior Features Other

Heating Baseboard, Electric, Other

Cooling None

Fireplace No

Exterior

Utilities Available Electricity Connected

Garage false

Building

Sewer Septic Tank

Water Well

Structure Type Frame

Schools

Elementary Schools Duzine

Middle Schools New Paltz Middle School

High Schools New Paltz

School District New Paltz

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by eXp Realty • Jason W. Schobert

NEARBY SCHOOL & BUSINESS

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY 10314, United States