BEDS0
BATHS
MLS#851301
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNew Paltz
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Heating: Baseboard, Electric, Other
Home Style: Colonial
Lot Size: 1.06 Acres
Taxes: $6,824
Year Built: 1900
Amenities
Other
Feature Descriptions
Attic: Partially Finished
Days on Site: 432
Exterior: Frame
On Market Date: 2025-04-22
Parcel Number: 3889-094.002-0004-008.000-0000
Rental Term: Monthly
Sewer: Septic Tank
Units: 3
Utilities: Electricity Connected
Water: Well
Local Schools
High School: New Paltz Senior High School
Middle School: New Paltz Middle School
Elementary School: Duzine
School District: New Paltz
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Phone: 888-276-0630
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 1,764.35 per month $1,057.14 Principal & Interest $568.67 Property Tax $138.54 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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236 State Route 32 S | MLS# 851301
This multi-family property located at 236 State Route 32 S, New Paltz, NY 12561 is currently listed for sale with an asking price of $475,000. State Route 32 S is located within the New Paltz school district. Search New Paltz real estate on www.joycerealty.com today.