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Exceptional opportunity in New Paltz, here you have a well maintained four-family investment property! It doesn't get better than this, with recent unit renovations and property upgrades (including a new roof and boiler), you have a turnkey asset with immediate rent upside! Gross annual income is $102k with significant upside to go higher! Property is being listed for sale at a 6.4% Cap Rate!! Near the Village of New Paltz, one unit is furnished and there is washer/dryer onsite, these are included in the sale. Tenants are long term; one lease is expiring so there is opportunity to owner occupy one unit or have it rented out at premium market rent! Because the property is Four units this qualifies for purchase as a residential mortgage, this means lower down payment options exist for potential buyers!! If you are looking for a solid investment, with strong cashflow, in a high demand area, at a good price, then this is the premier investment opportunity you have been waiting for!PROPERTY FEATURES
Water Source :
Well
PROPERTY DETAILS
Street Address: 3 Ann Street
City: New Paltz
State: New York
Postal Code: 12561
County: Ulster
MLS Number: ONEH6320586
Courtesy of BHHS Hudson Valley Properties
City: New Paltz
State: New York
Postal Code: 12561
County: Ulster
MLS Number: ONEH6320586
Courtesy of BHHS Hudson Valley Properties
Courtesy of Douglas Elliman Real Estate
