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$ 475,000
Est. payment | /mo
1.06 Acres Lot
$ 475,000
Est. payment | /mo
1.06 Acres Lot
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
Listed by eXp Realty • Jason W. Schobert
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