$650,000
●
Multifamily -
Off Market
38 Plattekill Avenue
New Paltz, NY 12561
7 Beds
3 Baths
$705,881
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
RARE AND EXCELLENT INVESTMENT OPPORTUNITY - to own one of the
most recognizable houses in New Paltz. This beautiful brick
traditional has unique architectural features inside and outside,
arched entryways and original hardwood floors throughout.
This house is an extremely sought out rental by SUNY New
Paltz students as well as those who desire to live in walking
distance to Main Street and SUNY. Located in the heart of the
Village directly across the street from the New Paltz College
campus and a block from Main Street shopping and restaurants and it
even boasts a beautiful view of the Shawangunk Ridge and Mohonk
Tower. This multifamily unit has a first floor 1 bedroom
apartment which can easily accommodate 2-3 people. In this
unit there is a full eat-in kitchen, living room, den,
office, full bath, back deck, and side screened in porch.
Look for the hidden gem- 100 year old wooden turned railing
currently enclosed in the front hallway closet. The
second unit is on the 2nd and 3rd floors with a separate entrance
from unit 1. This unit consists of 6 separate leased bedrooms (2
rooms are big enough to accommodate double occupancy and increase
rental income, currently are only rented as a singles). There
is a full kitchen, dining area, and 2 full baths. House has
a shared washer/dryer and utility sink in basement.
Property also has a a detached garage (great for storage)
and driveway parking for 6 cars. In the past year,
this property has had a new roof, new water heater, and new sewer
line installed, heating unit is 10 years old and recently serviced
and confirmed by vendor to be in excellent condition.
This is a great opportunity for an investor as it is already a
profit making rental with potential to make more as all units are
currently rented under market value - adjusting to market value
will increase rental income considerably -current Rental Income:
$6150 per month. This well maintained and cared for
property has been consecutively rented with no vacancies for 40
years and owned by the same owner for 50 years. Pride in ownership
can definitely be seen in this well maintained house.
*Another great investment option for this house
would be for owner to occupy one unit and rent the other.
***LOOK for the hidden gem on 1st floor- BEAUTIFUL 100 year
old turned hardwood railing and staircase that once lead to the 2nd
floor- currently is enclosed as a closet. Could easily be
opened up & utilized again and give access to 2nd floor. So
many great possibilities with this house.
Unit Size
-
Days on Market
294 days
Land Size
0.32 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,051
HOA Dues
-
Year Built
1900
Last updated: 2 years ago (OneKey MLS #H6187542)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 16, 2023 | Sold | $650,000 | |
Sold | |||
Dec 28, 2022 | In contract | - | |
In contract | |||
May 26, 2022 | Listed by Keller Williams Hudson Valley | $685,000 | |
Listed by Keller Williams Hudson Valley |
Property Highlights
Air Conditioning
Garage
Parking Available
Parking Details
Has Garage
Parking Features: Detached, 2 Car Detached, Driveway, Off Street
Garage Spaces: 2
Interior Details
Bathroom Information
Full Bathrooms: 3
Interior Information
Interior Features: Eat-in Kitchen, High Speed Internet, Storage, Walk-In Closet(s)
Flooring Type: Hardwood
Basement Information
Basement: Full, Unfinished
Exterior Details
Property Information
Square Footage: 3039
Square Footage Source: $0
Green Sustainability
Year Built Source: Owner
Building Information
Other Structures: Workshop
Building Area Units: Square Feet
Window Features: Skylight(s)
Construction Materials: Blown-In Insulation, Fiberglass Insulation, Frame, Brick, Cedar, Shake Siding, Wood Siding
Patio and Porch Features: Porch
Lot Information
Lot Features: Near Public Transit
Lot Size Area: 0.32
Lot Size Units: Acres
Lot Size Acres: 0.32
Land Information
Water Source: Public
Financial Details
Tax Map Number: 3801-086.042-0001-012.000-0000
Tax Assessed Value: $327,750
Tax Annual Amount: $12,611
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Electric, Natural Gas, Baseboard, Hot Water
Heating Zones
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/31/2022
|
|
Studio
|
3 Bath
|
-
|
$685,000
Studio
3 Bath
|
-
-
|
-
|
Susan Mattsen
KELLER WILLIAMS REALTY HUDSON VALLEY NORTH
|