55-63 S Chestnut Street

    New Paltz, NY 12561
    • $2,175,000
    • STATUS: Active
    • ON SITE: 148 days
    • MLS #: 4844613
    UPDATED: 30 min ago
    $2,175,000
    • 28
      BEDS
    • 1.7
      ACRES
    • 10
      BATHS
    • 1
      1/2 BATHS
    • 4,900
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    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

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    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Mark Boyland Real Estate Team | Keller Williams Realty Partners are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2019-02-17T15:15:15.597.
    www.westchesterhomesnow.com/homes/87845049

    55-63 S Chestnut Street New Paltz, NY 12561

    • Price: $2,175,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 4844613
    28
    Beds
    10
    Baths
    1
    ½ Baths
    1.7
    Acres
    4,900
    SQFT
    $444
    $/SQFT
    2002
    Built
    Neighborhood:
    New Paltz
    County:
    Ulster
    Area:
    New Paltz
    Elementary School:
    Duzine
    Middle School:
    New Paltz Middle School
    High School:
    New Paltz High School
    School District:
    New Paltz
    Property Description
    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
    Exterior Features

    Construction Description Frame Lot Description Level Parking Lot Parking Parking Spaces 27 Siding Description Vinyl

    Interior Features

    Air Conditioning None Attic Description Partial Basement Description Unfinished Heating Fuel Other/See RemarksPropane Heating Type Base Board Hot Water Fuel Oil Stand AloneGas Stand Alone Num Of1 Bedrooms 5 Num Of2 Bedrooms 5 Num Of3 Bedrooms 5 Num Of4 Bedrooms 5

    Property Features

    Adult55 Community No Amenities Close To SchoolClose To Shops Garbage Public Reo Bank Owned 0 Sewer Description Municipal Sq Ft Source Other Tax Amount 40256 Tax Source Other Tax Year 2017 Type Of Unit Duplex Village New Paltz Village Water Description Municipal

    Listing courtesy of Gregory Balderacchi of Homelister Inc.

    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.


    © 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Mark Boyland Real Estate Team | Keller Williams Realty Partners are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2019-02-17T15:15:15.597.
     
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