48
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$1,299,000
Est. payment /mo
36 Acres Lot
Active
1 Royal Acres DR Middletown, NY 10940
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY839738
Rental Info No
Year Built 1945
Annual Tax Amount $17,257
Lot Size 36.000 Acres
Acres 36.0
Property Sub-Type Multi Family
Source onekey2
Property Description
One-of-a-kind 7-building residential rental property with 36 acres of land in the town of Mount Hope for sale. All 7 buildings have been updated, and some are still undergoing further renovations. Some of the units were used intermittently for Airbnb, while others have been rented out permanently as yearly rental units. The main house is 2,152 square feet with at least 2-3 bedrooms. Unit 2 is 1,772 square feet with 2 bedrooms. The remaining units are all 1-bedroom units. The annual income is $138,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals. There is a pond and a large, old barn on the property. The rear of the property offers plenty of land that can be utilized. The surrounding area consists of single-family residential properties. This property is grandfathered as a residential-commercial property. It is located in a quiet and desirable MiniSink School District, not far from shopping and highways.
Location
State NY
County Orange County
Interior
Heating Propane
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected
Waterfront Description Pond
Building
Story 2
Sewer Septic Tank
Water Well
Schools
Elementary Schools Otisville Elementary School
Middle Schools Minisink Valley Middle School
High Schools Minisink Valley High School
School District Minisink Valley
Others
Special Listing Condition None
Listed by Keller Williams Hudson Valley