James Q. Collins

332 Springtown Road, New Paltz, NY 12561

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Property Description

Calling All Investors and Farmers! An exceptional opportunity awaits at Gopal Farm. This expansive multi residence with accessory apartments offers 5 bedrooms and 4 bathrooms, perfectly situated on 45 acres of pristine organic & permaculture farmland???providing all the benefits of farm living without the operational responsibilities. The property includes two large apartments and an additional studio on the lower level, with rental income potential exceeding 4,000 per month. Previously occupied by farm staff, all units are now vacant and ready to be leased at full market value. While the main home would benefit from some updating, it offers remarkable flexibility and investment potential???ideal for multi-generational living, rental income, or a combination of both. The whole farm is now available for sale for the first time in 10 years. The property can also be subdivided into two buildable 3+ acre flag lots, each valued at approximately 200,000, helping offset the overall purchase cost. A third agricultural lot may be created and conserved for additional income. The current farmer is willing to continue leasing the farmland, offering stable rental income and property-tax benefits.

332 Springtown Road | MLS# 20256077

This single family home located at 332 Springtown Road, New Paltz, NY 12561 is currently listed for sale with an asking price of $895,000. This property was built in 1971 and has 5 bedrooms and 4 full baths with 3139 sq. ft. Springtown Road is located within the New Paltz Central school district. Search New Paltz real estate on james-collins.timberlandproperties.com today.

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Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Ductless
Fuel Type: Oil
Garage: 1
Heating: ENERGY STAR Qualified Equipment, Oil
Home Style: Ranch
Lot Size: 45.00 Acres
Taxes: $4,852
Year Built: 1971

Amenities

Other

Feature Descriptions

Appliances: Cooktop
Days on Site: 77
Exterior: Frame
Flooring: Hardwood
Parcel #: 388907800200010070000000
Sewer: Septic Tank
SQFT Total: 3139
Utilities: Electricity Available, Electricity Connected
Water: Well

Local Schools

School District: New Paltz Central

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Estimated Payment

$ 2,657.26 per month $1,991.88 Principal & Interest $404.33 Property Tax $261.04 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: eXp Realty

Shown By

Agent Name: James Q. Collins
Agent Phone: (201) 214-3621 Cell
Agency Title: Timberland Properties

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