About 232 State Route 32 S
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.
Features of 232 State Route 32 S
| MLS® # | 851288 |
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| Price | $495,000 |
| Bathrooms | 0.00 |
| Acres | 2.10 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | Triplex |
| Style | Ranch |
| Status | Pending |
Community Information
| Address | 232 State Route 32 S |
|---|---|
| City | New Paltz |
| County | Ulster County |
| State | NY |
| Zip Code | 12561 |
Additional Information
Listing Details
| Office | eXp Realty |
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