26 Tricor Ave

New Paltz, NY 12561 View Map $719,000 Schedule a Tour
Acres0.27
Year1940
Glenn Fitzgerald

Glenn Fitzgerald

(845) 393-0777

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Status: Pending - Fully Executed Contract
Property Type:2 Family
MLS #:20220208
On Site:154 Days
Lot Size:0.27 Acres
County:Ulster County
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.

Additional Information About 26 Tricor Ave, New Paltz, NY


The property at 26 Tricor Ave represents an excellent opportunity for homebuyers to own a home in Ulster County.

This -bedroom / -bathroom 2 family for sale sits in the neighborhood of New Paltz in Ulster County. Its size is square feet, and it sits on a parcel of approximately 0.27 acres.

The current price is $719,000. Our experienced agents can help you determine whether that is a fair asking price for the property. What's more, we'll help you strategize and submit a smart offer that will get accepted based on current market conditions.

If you'd like to see this residence in person, please call the Ulster County Homes Team at 845-393-0777 today. Our Ulster County real estate agents will gladly arrange a private tour.

If you are looking to sell a home near 26 Tricor Ave or anywhere in New Paltz, our Realtors® can provide up-to-date New Paltz real estate market information and local insights to help you price your home appropriately. From there, we will go to work to aggressively market your home to prospective buyers.

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Price Change History

Date Old Price New Price Percent Change
4/2/2022$739,000$719,000-2.7%

Community Information

Address:26 Tricor Ave New Paltz, NY 12561
Schools:New Paltz Central
Township:New Paltz
Zip Code:12561

Architecture

Year Built:1940
Unit 1: 5 Beds•2 Baths•$4,050 rent
Unit 2: 3 Beds•2 Baths•$2,500 rent
Garage: Garage Attached
Garage Capacity: One

Features / Amenities

Heat Source: Baseboard
Heating Fuel: Oil

Property Features

Lot Size: 0.27 Acres
Lot Dimensions:0.27 acres
Water: Municipal
Sewer: Municipal
Zoning:R2
Directions:From Main Street turn at Starbucks and drive south on Plattekill Avenue. Drive through Village Hall parking lot and continue straight along Hasbrouk Park. Continue one block past park, property is on your left.

Tax and Financial Info

General Tax: $4,433
Village Tax: $1,855
School Tax: $8,698
Owner Pays: All Utilities
Tenant Pays: Rent Only
Monthly Income: $6,550
Annual Income: $78,600
Net Income: $49,934

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26 Tricor Ave New Paltz, NY 12561
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26 Tricor Ave New Paltz, NY 12561
 
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Listing Information Last Updated 7/1/2022
Listing provided courtesy of New Paltz Properties.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Keller Williams Realty Hudson Valley North are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.