1. New York
  2. Middletown
  3. 1 Royal Acres Drive
$1,299,000

1 Royal Acres Drive, Middletown, NY 10940

  • 7,523 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $173/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Listing Office:
Keller Williams Hudson Valley : 845-610-6065
MLS ID:
839738
  • A/C: None
  • Heating: Propane

This listing courtesy of Keller Williams Hudson Valley

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Otisville Elementary School

2525 Mt Hope Rd, Otisville, NY, 10963

Grades KG-5

2.62 miles away

M

Minisink Valley Middle School

2320 Route 6, Middletown, NY, 10940

Grades 6-8

6.37 miles away

M

Minisink Valley High School

2320 Route 6, Middletown, NY, 10940

Grades 9-12

6.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.