New Paltz, NY 12561,40 N Chestnut ST
$1,050,000
Est. payment /mo
$1,199,000
12.4%
Est.Price: ?

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6,200 SqFt
SOLD DATE : 03/08/2022

Key Details

Sold Price $1,050,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,200 sqft

Price per Sqft $169

MLS Listing ID H6142814

Sold Date 03/08/22

Originating Board onekey

Year Built 1900

Annual Tax Amount $22,214

Lot Size 6,969 Sqft

Acres 0.16

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!!!

Location

State NY

County Ulster

Rooms

Basement Partial

Interior

Heating Propane, Hot Water

Cooling None

Fireplace N

Exterior

Garage Driveway, Parking Lot, Off Street

Parking Type Driveway, Parking Lot, Off Street

Total Parking Spaces 11

Garage No

Building

Lot Description Level, Near Public Transit

Sewer Public Sewer

Water Public

Structure Type Frame, Vinyl Siding

Schools

Elementary Schools Duzine School

Middle Schools New Paltz Middle School

High Schools New Paltz Senior High School

School District New Paltz

Others

Senior Community No

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Listed by Berardi Realty • 845-201-1111
Bought with BHHS Hudson Valley Properties
Bairo Real Estate

+1(888) 782-2476 | support@bairorealestate.com

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