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Antoinette "Toni" Gundersen

pthomesellingteam@gmail.com +1(914) 443-4993

$ 2,400,000

Est. payment | -/mo

7,396 Sqft Lot

Save

$ 2,400,000

Est. payment | -/mo

Save

7,396 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1041303

Rental Info No

Year Built 1900

Annual Tax Amount $23,515

Lot Size 7,396 Sqft

Acres 0.1698

Property Sub-Type Multi Family

Source onekey2

Property Description

Completely 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.

Location

State NY

County Orange County

Rooms

Basement Full

Interior

Heating Electric, Heat Pump, Natural Gas

Cooling Ductless

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Schools

Elementary Schools Maple Hill Elementary School

Middle Schools Monhagen Middle School

High Schools Middletown

School District Middletown

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by KW Hudson Valley United • Jonathon Z. Lee

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 443-4993

pthomesellingteam@gmail.com

1 Hawkins Dr, Montgomery, NY 12549, USA

104 North ST Middletown, NY 10940