NEW PALTZ NY - ID: 20201972
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  • Price: $819,000
  • Bedrooms: 5
  • Bathrooms: 4 (full)
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 1.59
  • Year Built: 1960
  • School District: NEW PALTZ
  • CONTACT
    Vetere Real Estate
    (845) 338-0571
    kvetere@vetererealestate.com
Property Type: 4 Family

Description: AAA prime Hudson Valley property just minutes from the heart of New Paltz. 4 incredibly charming apartments with hardwood floors, updated kitchen and baths. Fairly new windows and large oil fueled industrial size HWH. Good long term tenants want to stay. There is never a vacancy here. This unique compound is a hidden gem on 1.5 acres. Large lawn and organic garden area. Spacious gravel drive with ample parking. A superb investment opportunity offering a 7% cap rate. 5 electric meters. 2 units have electric heat and 2 have oil FHA. 4 stoves, refrigerators, washers and dryers. Owner pays oil heat for 2 units and cooking propane for all. This location is an easy commute to NYC via Trailways offering non-stop service. Superb investment or reside with income toward the mortgage. Some apartments are below market value. Leases are month to month.
New m/m leases effective August 1 new cap would be 7.5%


FEATURES:
NUMBER OF UNITS: 4
UNIT 1 -RENT: 2100
ZONE: Res
LOT DIMENSIONS: 1.59
UNIT 2 -RENT: 1625
UNIT 3 -RENT: 1550
UNIT 4 -RENT: 1350
APPLIANCES: Dryer, Refrigerator, Range, Washer
ELECTRICITY: 200 Amps
LOT FEATURES: Level
LOT/SITE: Rural
WATER: Drilled Well

Listing courtesy of: Murphy Realty Group / Listing Agent: Carol Spirig
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