50 North Chestnut Street

2 blocks to Main Street and only 1/2 mile to SUNY New Paltz. This property, consisting of two rental buildings, is 100% occupied, continuing a long history as a popular student rental. The main building features five bedrooms and three full bathrooms. The two bedrooms on the main floor each have their own full bathroom and private entrances, both from the inside and outside of the house. The cottage offers a studio style living experience, featuring a large updated kitchen with island, updated bathroom, living room and bedroom section. The main property is rented annually to SUNY New Paltz students and the cottage to a handyman; rent it to a group or separately to singles. The property has a storage shed and extra-large paved off street parking area to accommodate all tenants and several guests. Students love the generously sized bedrooms, comfortable layout, and tasteful updates. Utilities, which are separated by unit, are currently paid by landlord. Many major improvements including updated boiler, roofs, hot water system, electric, siding, windows, bathrooms, kitchens and coin operated laundry in the basement. Minutes from restaurants and shopping on Main Street. Close to scenic parks and outdoor activities. Close to the Trailways bus terminal that services commuters from Albany to New York City. This property is a unique find offering a strong NOI. Both buildings have certificate of occupancy for residential use.