21 Grove Street
21 Grove Street
$739,000
8
5
—
—
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Sold 4/25/23
Description
Opportunity to purchase one of the finest college rental buildings in New Paltz. Impeccably maintained 2-Unit property, with 5BR/2BA in the original house + 3 BR/3BA in the attached 2002 addition. The large 0.34-acre lot is located just one block from Main Street and four blocks from the SUNY New Paltz campus. The building is fully leased to two separate groups of six students each, through June 2023, at a total of $6,905 per month. Both groups of tenants would like to extend through June 2024. Tenants...Opportunity to purchase one of the finest college rental buildings in New Paltz. Impeccably maintained 2-Unit property, with 5BR/2BA in the original house + 3 BR/3BA in the attached 2002 addition. The large 0.34-acre lot is located just one block from Main Street and four blocks from the SUNY New Paltz campus. The building is fully leased to two separate groups of six students each, through June 2023, at a total of $6,905 per month. Both groups of tenants would like to extend through June 2024. Tenants pay all utilities including electricity, heat, water, sewer, and garbage. Twelve private off-street parking space provide a rare and convenient amenity. The current owner bought the property in 2014 and has done a great job, with recent improvements that include a new roof, new on-site coin-operated laundry, parking lot blacktop, security cameras, new hot water heater, and new stove. True 7.1% cap rate, with upside in the rents (current rent averages just $575 per student). Full financials available upon request.
- Listed by Matthew Eyler • New Paltz Properties
Property Details for 21 Grove Street
Zone
R2
Location
LISTING UPDATED: 04/25/2023 02:49 PM
Property Details for 21 Grove Street
Status | Sold |
---|---|
MLS # | 20223599 |
Days on Market | 84 |
Taxes | $14,698 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 2 Family |
Year Built | 2002 |
Lot Size | 0.34 AC / 14,810 SF |
County | Ulster County |
Location
Building Information for 21 Grove Street
Stories-Residences2Year Built2002Building Size-Lot Size0.34 AC / 14,810 SF
Payment Calculator
$5,258 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 21 Grove Street
Property History for 21 Grove Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 21 Grove Street
Taxable ValueLand$72,300Additions$298,200Total$370,500
Home Facts
Baths5Total Finished SqFt3,020 SqFtAbove Grade Finished SqFt3,020 SqFtStories3Lot Size14,810 SqFtStyleDuplexYear Built1924ZoningR2CountyULSTERAPN513801 86.34-8-14
Schools near 21 Grove Street
This home is within New Paltz Central School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Duzine School PublicK to 2 | ||
Lenape Elementary School Public3 to 5 | ||
New Paltz Middle School Public6 to 8 | ||
New Paltz Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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