E Main Street Mixed Use

  • Title

    Mixed-Use Property for Sale

  • City

    Middletown, NY

  • Price

    $640,000

  • Cap Rate

    8.5%

  • Gross Leasable Area

    10,100 SF

  • No. Units

    14

  • Price/SF

    $63.36

  • Price/Unit

    $45,714

  • No. Stories

    3

  • Property Type

    Mixed Use

  • Year Built

    1900

Not found amenities.

14 E Main St is a 14-unit mixed-use property comprised of 11 apartments and 3 commercial stores. It is located in Middletown, NY, approximately a half mile from Orange County Community College and 2.5 miles from both I-84 and Route 17.
All tenants, both commercial and residential pay their own utilities and are individually metered for electric. Currently, the landlord pays the water bill, however, each apartment has it’s own water meter as well. There are no leases and all tenants are on month to month.
The property has just benefited from a lead paint removal job. It is inspected by the town annually and is free of any violations.
The property is without a mortgage and will be delivered free and clear.

Middletown, Orange County, NY