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About This Home
This 3-bedroom, 2-bathroom residential multi family at 1 Royce Avenue in Middletown, NY is listed for $460,000. Built in 1920, on a 0.11 acres lot.
Excellent investment opportunity in the heart of Middletown! This well-maintained, fully occupied two-family residence offers immediate cash flow with a total monthly income of $3,500. The first-floor unit features a comfortable 1-bedroom, 1-bathroom layout currently rented for $1,600, while the second-floor unit offers a spacious 2-bedroom, 1-bathroom configuration rented for $1,900.
Strategically designed for low-maintenance ownership, the property boasts separate meters for gas and electric, ensuring tenants pay their own utilities, along with separate private entrances for each unit. A standout feature is the oversized, shared 4-car driveway providing ample off-street parking for all occupants.
Situated on a desirable corner lot close to local amenities, schools, and commuter routes, this turn-key property owned by Musadiq Associates LLC is a solid addition to any portfolio. Offered at $480,000, this is a rare find in today's market.
Key Features
- Built in 1920
- 0.11 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,460/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1 Royce Avenue
Middletown, NY 10940
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 1 Royce Avenue is listed at $460,000. The estimated monthly payment is $1,993 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.11 acre lot. Interior Features: Entrance Foyer.
This property is listed by Joseph O Baratta and can be reached at (914) 301-3277 or onofriobaratta@gmail.com.
