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Listed by: New Paltz Properties
$ 1,200,000
Est. payment | /mo
14 Beds
4 Baths
3,808 SqFt
$ 1,200,000
Est. payment | /mo
14 Beds
4 Baths
3,808 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $315
MLS Listing ID 20265875
Bedrooms 14
Year Built 1994
Annual Tax Amount $26,680
Tax Year 26680
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Duplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Rare opportunity to acquire a high-quality fully leased New Paltz college rental property in close proximity to the SUNY New Paltz campus. The building was purpose-built as a two-unit college rental in 1994, delivering some of the most desirable college rental housing in town. The building has consistently been fully leased throughout current ownership, with students from the SUNY sports teams consistently renewing their leases. Each unit has seven spacious bedrooms, two full bathrooms, in-unit laundry, two common areas, and plenty of on-site parking. Tenants pay all utilities and both units are leased through July 31, 2027. Current rents of 775 and 795 per bedroom are somewhat below market, promising future revenue growth. Full financials available upon request.
Location
State NY
County Ulster
Area New Paltz
Zoning R3
Schools
High Schools New Paltz Central
School District New Paltz Central
Others
Tax ID 86.34-5-6
NEARBY SCHOOL & BUSINESS
