New ListingCompletely updated 8-apartment, 3-retail-unit mixed-use building located next to the bus terminal to NYC in downtown Middletown is for sale. The building underwent a full renovation at the end of 2022, including all-new electrical systems, plumbing, kitchens, apartments, and retail spaces. The entire building complies with current fire codes, featuring sprinklers and fire alarms. All units are fully rented and require minimal maintenance. The building is situated at the intersection of North St and Railroad St, in the heart of downtown Middletown, within walking distance of restaurants, supermarkets, shops, City Hall, and the soon-to-be-completed Heritage Trail extension. The property generates solid income with a 7% cap rate, and the location is outstanding.
| MLS # | 1041303 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Listing Provided By | KW Hudson Valley United | Jonathon Z. Lee |
| SQ Feet | 11,750 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.17 |
| Cooling | Ductless |
|---|---|
| Heating | Electric, Heat Pump, Natural Gas |
| Construction Materials | Brick, Frame |
|---|---|
| Foundation Details | Brick/Mortar |
| Parking Features | Off Street |
|---|
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 78300 |
| Tax Annual Amount | 23515.01 |
| State | NY |
|---|---|
| County | Orange County |
| City | Middletown |
| Zip Code | 10940 |
| School District | Middletown High School |
| Elementary School | Maple Hill Elementary School |
| High School | Middletown High School |
| Listing VS Median (in 10940) | |
Price: $2,400,000 low | high Med: $349,950 sqft: 11,750 low | high Med: 1,752 $ / sqft: $204 low | high Med: $200 | |
| State | NY |
|---|---|
| County | Orange County |
| City | Middletown |
| Zip Code | 10940 |
| School District | Middletown High School |
| Elementary School | Maple Hill Elementary School |
| High School | Middletown High School |
| Listing VS Median (in 10940) | |
Price: $2,400,000 low | high Med: $349,950 sqft: 11,750 low | high Med: 1,752 $ / sqft: $204 low | high Med: $200 | |