55-63 Chestnut Street, New Paltz, NY 12561 (MLS# 20044761)
$1,300,000
New Paltz, NY 12561
MLS# 20044761
Status: Closed
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Property Description
Student rentals, walking distance to SUNY campus,parking for every tenant. Two duplexes recently built, single house is from 1800's, property can accomodate expansion, excellent income. Call LR for a more complete income/expense report. Broker discloses interest. Tenants pay water/sewer, heat, and electric.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Valley Management LLC
Owner Phone: 471-2605
Current Price: $1,300,000
Original List Price: 1625000
Sold Price: $1,300,000
Status: Closed
Listing Contract Date: 2004-12-12
Property Sub Type: Multi Family
Location, Tax, and Legal
Neighborhood: New Paltz Vlg
Elementary School: Bennett 4-6
General Tax: 5533
School Tax: 11556
Village Tax: 4656
Tax Assessed Value: 600000
Tax Legal Description: 9, 2, 55-63 South Chestnut St
Tax Lot: 9
Tax Block: 2
Zoning: R-2
Directions: Main St in New Paltz to 208 south (South Chestnut), 1/4 M on right.
General Property Information
Number Of Units Total: 5
Lot Size Acres: 1.7
Lot Size Dimensions: 181x416
Association YN: No
Garage YN: No
Garage Spaces: 0
Sign On Property YN: No
Year Built: 2002
Remarks and Miscellaneous
Public Remarks: Student rentals, walking distance to SUNY campus,parking for every tenant. Two duplexes recently built, single house is from 1800's, property can accomodate expansion, excellent income. Call LR for a more complete income/expense report. Broker discloses interest. Tenants pay water/sewer, heat, and electric.
Status Change Information
Status Change Timestamp: 2005-11-01
Buyer Financing: Conventional
Concessions Amount: 12000
Major Change Timestamp: 2005-11-02T00:46:52Z
Major Change Type: Status Change
Purchase Contract Date: 2005-08-15
Close Date: 2005-11-01
Close Price: 1300000
Appliances
Dryer: 1
Range: 1
Range Hood: 1
Refrigerator: 1
Other: 1
Architectural Style
Colonial: 1
Attic Features
Pull-Down Stairs: 1
Basement
Full: 1
None: 1
Book Information
Liber/Book: 2227
Page: 8
Section: 86.041
Construction Materials
Clapboard: 1
Frame: 1
Cooling
None: 1
Electric
100 Amp Service: 1
Circuit Breakers: 1
Flooring
Hardwood: 1
Linoleum: 1
Heating
Baseboard: 1
Hot Water: 1
Oil: 1
Propane: 1
Listing Terms
Lease Option: 1
Plumbing
Mixed: 1
Roof
Asphalt: 1
Shingle: 1
Slate: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
View
Mountain(s): 1
Water Source
Public: 1
Documents Available
Survey: 1
Income and Expenses
Cap Rate: 7
Gross Scheduled Income: 108000
Insurance Expense: 1127
Manager Expense: 1000
Monthly Income: 9000
Net Operating Income: 81000
New Taxes Expense: 21745
Other Expense: 1500
Other Income: 0
Supplies Expense: 500
Total Annual Expenses: 24200
Trash Expense: 1320
Owner Pays
Insurance: 1
Management: 1
Taxes: 1
Trash Collection: 1
Other: 1
Tenant Pays
All Utilities: 1
Electricity: 1
Oil: 1
Sewer: 1
Water: 1
Unit 1 Information
Baths Full: 2
Baths Total: 2
Beds Total: 5
Square Feet: 1330
Leased YN: 1 yr
Unit Lease Terms: 1 yr
Unit 2 Information
Baths Full: 2
Baths Total: 2
Beds Total: 5
Square Feet: 1330
Unit Lease Terms: 1yr
Unit 3 Information
Baths Full: 2
Baths Total: 2
Beds Total: 5
Square Feet: 1330
Unit Lease Terms: 1yr
Unit 4 Information
Baths Full: 2
Baths Total: 2
Beds Total: 5
Square Feet: 1330
Unit Lease Terms: 1yr
Unit 5 Information
Baths Full: 2
Baths Partial: 1
Baths Total: 3
Beds Total: 8
Square Feet: 3000
Unit Lease Terms: 1yr
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Showing Information
Showing Instructions: Appt- 255-1458
Historical Information
UC Public Historical Remarks: FIPS Code: NY111, Terms: None, Age: 1-5, Lot/Site: Hamlet/village, Lease Type: One Year
Location Tax and Legal
Street Number: 55-63
Street Name: Chestnut
Street Suffix: Street
State: NY
Zip Code: 12561
Town (Taxable): New Paltz
Property Features
Appliances: Dryer; Range; Range Hood; Refrigerator; Other
Architectural Style: Colonial
Attic Features: Pull-Down Stairs
Basement: Full; None
Construction Materials: Clapboard; Frame
Cooling: None
Documents Available: Survey
Electric: 100 Amp Service; Circuit Breakers
Flooring: Hardwood; Linoleum
Heating: Baseboard; Hot Water; Oil; Propane
Listing Terms: Lease Option
Owner Pays: Insurance; Management; Taxes; Trash Collection; Other
Plumbing: Mixed
Roof: Asphalt; Shingle; Slate
Sewer: Public Sewer
Showing Considerations: Occupied
Tenant Pays: All Utilities; Electricity; Oil; Sewer; Water
View: Mountain(s)
Water Source: Public
Showing Requirements: Appointment Only; Listing Agent Must Accompany
Listing Courtesy of unknownoffice
Listing Agent: unknownagent unknownagent