NEW PALTZ NY - ID: 20213494
On the Market
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  • Price: $1,199,000
  • Garage: None
  • Acreage: 0.16
  • Year Built: 1900
  • School District: New Paltz
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: Amazing Turnkey Investment Opportunity right in the heart of the New Paltz Village! Solid 17 Unit, 4 bath rooming house Fully Occupied in High Demand. Many recent upgrades including New Roof, New Siding, Freshly paved blacktop parking lot with 11 parking spaces, New Propane Steam Furnace, New Electric Water Heaters, High Standard Triple Pane Windows for maximum insulation. New upgraded, High tech security cameras installed throughout, New Laundry Room with coin operated washer/dryer system for a little extra cash flow, Equipped with 2 wifi- business routers, new 10 year sealed battery smoke/carbon detectors, and new appliances in the kitchen. Structure protected with fire sprinkler system. Each unit is supplied a mini fridge, and is coax and ethernet cable wired. This is an immediate cash flow property, currently listed at a 7% CAP with an almost 9% projection. Gross monthly income 12k-13k!!!
Note: Every unit is ready wired with a coax cable and ethernet just needs to be capped off.


FEATURES:
NUMBER OF UNITS: 17
ZONE: Res
LOT DIMENSIONS: 0.16 of An Ac
APPLIANCES: Dryer, Refrigerator, Range, Washer
ELECTRICITY: 200 Amps
LOT FEATURES: Level, Landscaped
LOT/SITE: Hamlet/Village
WATER: Community
KITCHEN DESCRIPTION: Galley

Listing courtesy of: Berardi Realty / Listing Agent: Yameil Nunez
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