Sold

26 Tricor Avenue

New Paltz NY, 12561

$700,000


Sold

8 Beds

4 Baths

Multi-family

Built in 1940

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.

20220208

MLS ID

January 29, 2022

Listed

March 22, 2024

Updated

Map

26 Tricor Avenue
New Paltz NY, 12561

Interior Features

Total Stories

0


Bedrooms

8 Beds


Bathrooms

4 Baths


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

BASEBOARD

Exterior/Building Features

Lot Size

0.27 Acres


Sewer

MUNICIPAL

Other Property Details

Area Name

NEW PALTZ


Taxes

$13,131


Tax Frequency

Annually


Days on Market

144


Garage

No


Parking Total

3


View

No


County

Ulster County


Municipality

New Paltz


Water Source

MUNICIPAL


Pool

No


Waterfront

Yes


Zoning

R2

 

Courtesy of New Paltz Properties,

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Joseph Satto Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 12:17 AM UTC, 3/22/2024

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