An excellent investment opportunity in the City of Middletown three properties with several sources of rental income in one portfolio The offering includes a four family home, a two family ...
Middletown, NY 10940
Listing
| Web ID: | 5767417 |
|---|---|
| Website: | https://www.nestseekers.com/5767417 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 8 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.2 Acres |
Financials
Price:$989,900
Annual Taxes:$7,361.99
Description
An excellent investment opportunity in the City of Middletown: three properties with several sources of rental income in one portfolio: The offering includes a four-family home, a two-family home, and a separate parcel with income-producing billboards and a five-bay garage. All six apartments are occupied and consists of two-bedroom units. The tenants pay for their own electric and gas. Each unit has its own furnace and hot water heater. Behind the four-family home, a five-bay garage brings the portfolio to total of 10 garage bays in total. Both residential buildings have newer siding and the roofs are less than a year old. With the apartment, garage, and billboard income, this well-maintained portfolio offers a strong foundation for a long-term investment.
Amenities
- Eat-in Kitchen
- Electricity Connected
- First Floor Bedroom
- First Floor Full Bath
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
Contact
Listing Courtesy of RE/MAX Benchmark Realty Group