New Paltz College Rental Portfolio Multi-Family FOR SALE


New Paltz, NY
$3,500,000 USD
845-417-8300
, New Paltz, NY for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/56
null | 7.6% Cap Rate

New Paltz College Rental Portfolio
New Paltz, NY


HIGHLIGHTS

  • Some of the most desirable college rental housing in New Paltz
  • Fully leased through the summer of 2027
  • Short walk to SUNY New Paltz campus
  • Tenants pay all utilities
  • Two full bathrooms per unit, in-unit laundry, and ample on-site parking
  • 38 total bedrooms – critical mass and economies of scale

OVERVIEW

Rare opportunity to acquire three high-quality fully leased New Paltz college rental properties in close proximity to the SUNY New Paltz campus. The three buildings were all purpose-built as college rentals in the mid-1990’s, delivering some of the most desirable college rental housing in town. Each building has two units, with six or seven bedrooms each, for a total of 38 bedrooms. Each unit has two full bathrooms, in-unit laundry, spacious common areas, and plenty of on-site parking. Tenants pay all utilities and all units are leased into the summer of 2027. Owners prefer to sell all three buildings together, but are open to considering individual building sales. Portfolio is offered at a 7.6% cap rate, with financials available upon request.

ASK ABOUT THIS PROPERTY

Matt EylerNew Paltz PropertiesMore Info
845-417-8300

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Matt EylerNew Paltz PropertiesMore Info
845-417-8300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.