New Listing - 04/22/2025
236 State Route 32 S, New Paltz, NY, 12561
0 beds
1900
Colonial
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.
Status:
Active
Type:
Single-family residential
Units:
3
Heating:
Baseboard, Electric, Other
Cooling:
None
Basement:
Full
Acreage:
1.06
Est. Taxes:
$6,825
Assessment
$170,800
Construction
Frame
Utilities
Electricity Connected
Elementary School:
Duzine
Middle School:
New Paltz Middle School
High School:
New Paltz Senior High School
School District:
New Paltz
MLS #:
851301
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of eXp Realty Phone: 888-276-0630