8 W Center St, New Paltz, NY 12561

2 Family Rental Property

Note: Listing price reflects no minimum starting bid! This is a public auction. 2 Family Rental Property. Turn key! Rent roll $80,000 plus annually Well managed and maintained investment property located in SUNY College town, New Paltz, Ulster County, NY. Located within walking distance from SUNY College campus, Main Street and within an area of strong tourist locations including Mohonk Mountain House, Shawangunk Mountains, Historic Huguenot Street and more. 100% occupancy. Currently rented through July 2021 with strong cash flow. All leases held by owner will be furnished at closing with security deposits and any pre-paid rents. 8 bedrooms, 3 1/2 baths, 3,104 square feet, according to town records. Oil heat in upstairs unit, electric heat downstairs unit. Electric is separately metered. Tenants pay rent with utility allowance, $6,540 per month. Garage rented to long term tenant for $1,800 annually. Potential for additional rental income as many bedrooms are large enough to accommodate 2 people. Property has hardwood floors, attractive built in closets and drawers, lots of closet space and expansive front porch. Municipal water and sewer. Property built in 1890; owner has made significant changes including separating heat and electric, gutter and drainage improvements, bathroom renovation, expanded parking lot, and garage renovation. Experienced landlord has grown his portfolio for over a decade with strong cash flow and is now looking for other investments. This is the investment opportunity you have been waiting for!