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.
11,750 Sq Ft
7,398 Sq Ft Lot Size
commercial
$23,515 Annual Tax
Built in 1900
MLS/Listing ID 947750
11 Units
Parking - Off Street
Heating - Electric
Heating - Heat Pump
Heating - Natural Gas
Brick Mortar
Cooling - Ductless
Construction - Brick
Construction - Frame
TOTAL MONTHLY COST
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