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26 Tricor Avenue

New Paltz, NY 12561
  • $719,000
  • STATUS: ACTIVE
  • MLS #: 20220208
UPDATED: 68 min ago
$719,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

School District:

Description

Prime college rental property literally on the doorstep of campus, with the SUNY library adjacent to the back yard. Unbeatable convenience makes this extremely easy to lease, with significant upside on rents. The property is configured as two buildings (one original, one added in 2004) attached at the corner, with combined rent of $6,550/mo. New leases have recently been signed for each of the units, now leased through May 2023. Ample off-street parking, nice front porch, big back yard, washer/drying in each unit. Three of the eight bedrooms are large enough for legal double occupancy, which has occurred in past years and increases total rent significantly. Owners would prefer to sell this property in conjunction with one other college rental building (64 Elting Avenue with 7 bedrooms) but they are open to selling properties individually as well. Combined cap rate of 7.2%. Financials available upon request.

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Data Last Updated:2022-05-16T07:18:28.823
www.hudsonvalleyshometeam.com/homes/125193548
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26 Tricor Avenue New Paltz, NY 12561

  • Price: $719,000
  • Status: ACTIVE
  • On Site: Days
  • Updated: 68 min ago
  • MLS #: 20220208
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1940
Built
Neighborhood:
New Paltz
County:
Ulster
Area:
New Paltz
School District:
New Paltz Central
Property Description
Prime college rental property literally on the doorstep of campus, with the SUNY library adjacent to the back yard. Unbeatable convenience makes this extremely easy to lease, with significant upside on rents. The property is configured as two buildings (one original, one added in 2004) attached at the corner, with combined rent of $6,550/mo. New leases have recently been signed for each of the units, now leased through May 2023. Ample off-street parking, nice front porch, big back yard, washer/drying in each unit. Three of the eight bedrooms are large enough for legal double occupancy, which has occurred in past years and increases total rent significantly. Owners would prefer to sell this property in conjunction with one other college rental building (64 Elting Avenue with 7 bedrooms) but they are open to selling properties individually as well. Combined cap rate of 7.2%. Financials available upon request.
Exterior Features

Garage Type Garage Attached

Interior Features

Heat Source Baseboard Heating Fuel Oil

Property Features

Annual Income 78600 Annual Net 49934 Annual Taxes 13131 Assessed 377600 Flood Plain No Foreclosure YN No General Tax 4433 Listing Type Exclusive Right Lot Dimensions 0.27 Acres Monthly Income 6550 Other Income 0 Owner Pays All Utilities Owner Pays1 All Utilities School Tax 8698 Sewer Municipal Short Sale YN No Tenant Pays Rent Only Total Deposit 0 Total Taxes 14986 Type 2 Family Unit1 Baths 2 Unit1 Bedrooms 5 Unit1 Rent 4050 Unit2 Baths 2 Unit2 Bedrooms 3 Unit2 Rent 2500 Vil Tax 1855 Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20220208 provided courtesy of Matthew Eyler of New Paltz Properties.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Data Last Updated:2022-05-16T07:18:28.823
 
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