40 N Chestnut Street, New Paltz, NY 12561
- $1,050,000
- 6,200
- SqFt
- Sold Price
- $1,050,000
- Days on Market
- 172
- Closing Date
- Mar 08, 2022
- MLS#
- H6142814
- Status
- CLOSED
- Property Type
- Multi Family
- Year Built
- 1900
- Property Tax
- $22,214
- Neighborhood
- New Paltz
- School District
- New Paltz
- High School
- New Paltz Senior High School
- Jr. High
- New Paltz Middle School
- Elementary School
- Duzine School
Property Description
Amazing Turnkey Investment Opportunity right in the heart of 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 by 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. Income/Expense Sheet Gross Monthly income 12k-13k!!!
Additional Information
- Square Footage
- 6,200
- Acres
- 0.16
- Parking
- Driveway, Parking Lot, Off Street
- Basement
- Partial
- Heating
- Propane, Hot Water
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Yameil Nunez (yameil@ymail.com) from Listing Office: Berardi Realty.
Selling Office: BHHS Hudson Valley Properties.Information Copyright 2024, OneKey® MLS. All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS.