• MLS® #: 4844613
  • 55-63 South Chestnut Street
  • New Paltz, NY 12561
  • $2,175,000
  • 28 Beds, 11 Bath, 4900 SQ. Feet, 1.70 Acres
  • Multi-Family
  • Listing Courtesy of Homelister Inc

55-63 S. Chestnut Street is a 28 Bed Investment Property catering to the SUNY/New Paltz off campus student housing market. The property is within walking distance to campus and town. The property also has a parking area for 27 cars.. Current owner has owned the property for 13 years and has enjoyed 100% occupancy and annual rent increases. The property consists of Two 2-family side by side homes (55/57 S. Chestnut and 61/63 S. Chestnut) and 1 Single Family Home (59 S. Chestnut). Each of the attached homes is comprised of 5 Single Bedrooms, 2 Bathrooms, Kitchen and Living Room. Propane is the fuel source for hot water and heat. The Single Family Home is comprised of 8 Single Bedrooms, Dining Room, Living Room, Kitchen and 2 1/2 bathrooms. Oil is the fuel source for hot water and heat. Each of the two family homes is rented to separate groups of 5 people for a total of 20 total tenants between the 4 properties. The single family house is rented to a group of 8 tenants. Rent roll 218,400

Essential Information

  • MLS® #4844613
  • Price$2,175,000
  • Bedrooms28
  • Bathrooms11.00
  • Full Baths10
  • Half Baths1
  • Square Footage4,900
  • Acres1.70
  • Year Built2002
  • TypeMulti-Family
  • Sub-TypeDuplex
  • StatusActive

Community Information

  • Address55-63 South Chestnut Street
  • AreaNew Paltz
  • CityNew Paltz
  • CountyUlster County
  • StateNY
  • Zip Code12561

Amenities

  • Parking Spaces27
  • ParkingLot Parking

Interior

  • HeatingBase Board
  • CoolingNone
  • Has BasementYes
  • BasementUnfinished

Exterior

  • ExteriorVinyl
  • Lot DescriptionLevel
  • ConstructionFrame

School Information

  • DistrictNew Paltz
  • ElementaryDuzine
  • MiddleNew Paltz Middle School
  • HighNew Paltz High School
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Listing information last updated on February 18th, 2019 at 7:28pm EST.