1 Royal Acres DR, Middletown, NY 10940
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1 Royal Acres DR, Middletown, NY 10940
1 Royal Acres DR, Middletown, NY 10940
1 Royal Acres DR, Middletown, NY 10940
1 Royal Acres DR, Middletown, NY 10940
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Nia Casilla

Nia Casilla

+1(646) 712-0400
$ 1,399,000
Est. payment /mo
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Pending

1 Royal Acres DR Middletown, NY 10940

36 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1007597

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 $322,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals from before. 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. The CAP rate is around 7% with the current $1.3MM sales price.

Location

State NY

County Orange County

Interior

Heating Propane

Cooling None

Fireplace No

Exterior

Parking Features Driveway, Private

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

Structure Type Frame

Schools

Elementary Schools Otisville Elementary School

Middle Schools Minisink Valley Middle School

High Schools Minisink Valley

School District Minisink Valley

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Hudson Valley • Jonathon Z. Lee

NEARBY SCHOOLS & PROPERTIES

Nia Casilla

Nia Casilla

Licensed Associate Broker | License ID: 10301208805

+1(646) 712-0400

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