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$309,000 Fully Executed Contract

41 S Chestnut Avenue
New Paltz, NY 12561

Multi Family Home
6534 sq ft lot - MLS# 20175318
Property Photo
1/20

Description

Three unit income property located only one short block from SUNY New Paltz. This is almost the perfect student rental property, one three bedroom unit, a one bedroom unit and a studio apartment. The 3 bed and one bedroom apartments have been recently updated and have new ranges and refrigerators and are freshly painted. They are vacant and ready for occupancy. The cute studio apartment is currently rented. The corner lot has good front and rear parking and there is an ample storage area in the basement. There are 3 electric services and 3 hot water heaters. Priced well below village assessed valuation with an estimated cap rate of 8.7%. Easy to show!

Features

  • Age: 41-60
  • Annual Expenses: 16763
  • Annual Income: 42000
  • Annual Net: 25200
  • Appliances: Range, Refrigerator
  • Area: New Paltz
  • Attic: Storage
  • Basement: Finished, Full
  • Condition: Very Good
  • Construction: Frame/Stick
  • County/Area: Ulster County
  • Driveway: Blacktop
  • Electricity: 100 Amps
  • Floors: Mixed
  • Fuel: 2200
  • Garage/Parking Extras: Driveway, Lot, Off Street
  • Heat Source: Forced Air
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Insurance: 1200
  • Listing Status: Fully Executed Contract
  • Lot Block Address: 4.1,2,41 S Chestnut
  • Lot Dimensions: 70 x 130
  • Lot Features: Landscaped
  • Lot SqFt: 6534
  • Lot/Site: Hamlet/Village
  • Monthly Income: 3500
  • Owner Pays: Insurance, Management, Oil, Repairs, Sewer, Taxes, Trash, Water, Oil
  • Plumbing: Copper, Mixed
  • Porch: Open
  • Property Type: Multi Family Home
  • Roof: Metal
  • School District: New Paltz
  • Sewer: Municipal
  • Siding: Brick, Vinyl
  • Sold Date: 2018-01-25 00:00:00
  • Sub Type: 3 Family
  • Tenant Pays: Electric, Electric
  • Total Taxes: 11463
  • Trash: 700
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Rent: 750
  • Water: Municipal, 1200
  • Year Built: 1960
  • Zip Code: 12561
  • Zoning: R2

Courtesy of:



Halter Associates Realty | Woodstock Office
845-679-2010 | Fax: 845-679-2020 | Contact Us
3257 Route 212, Bearsville, NY 12409


Halter Associates Realty | Kingston Office
845-331-3110 | Fax: 845-331-3120 | Contact Us
89 North Front St, Kingston, NY 12401

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