New Listing - 04/22/2025
232 State Route 32 S, New Paltz, NY, 12561
0 beds
1900
Ranch
Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.
Status:
Active
Type:
Single-family residential
Units:
3
Heating:
Baseboard, Electric, Other
Cooling:
None
Acreage:
2.1
Est. Taxes:
$6,985
Assessment
$174,800
Construction
Frame
Utilities
Electricity Available
Elementary School:
Duzine
Middle School:
New Paltz Middle School
High School:
New Paltz Senior High School
School District:
New Paltz
MLS #:
851288
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of eXp Realty Phone: 888-276-0630