COMMERCIAL
Address: ‎1 Royal Acres Drive
Zip Code: 10940
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$1,399,000
ID # 1007597
English
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$1,399,000 - 1 Royal Acres Drive, Middletown, NY 10940|ID # 1007597

ID #‎ 1007597
Construction Year1945
Taxes
(per year)
$17,258
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房屋英文概況 English 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.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 KW Hudson Valley United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of KW Hudson Valley United

公司: ‍845-639-0300

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$1,399,000
COMMERCIAL
ID # 1007597
‎1 Royal Acres Drive
Middletown, NY 10940


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