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1 Royal Acres Drive

Middletown, NY 10940
  • $1,299,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 839738
Price Reduced
$1,299,000
  • 0
    BEDS
  • 36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1945
County:
Area:

School Information

Elementary School:
School District:

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 $138,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals. 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.

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sheil Estate | Coldwell Banker Realty. Data last updated: 2025-05-18T07:19:04.8.
www.sheilestate.com/homes/161835616
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1 Royal Acres Drive Middletown, NY 10940

  • Price: $1,299,000
  • Status: Active
  • On Site: 54 Days
  • MLS #: 839738
0
Beds
0
Baths
0
½ Baths
36
Acres
1945
Built
Neighborhood:
Mount Hope
County:
Orange
Area:
Mount Hope
Elementary School:
Otisville Elementary School
Middle School:
Minisink Valley Middle School
High School:
Minisink Valley High School
School District:
Minisink Valley
Property 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 $138,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals. 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.
Exterior Features

Cross Street Tally Ho Road Property Attached YN No Stories Total 2 Waterfront Features Pond Waterfront YN Yes

Interior Features

Basement YN No Cooling None Elevator YN No Number Of Heat Units 7

Property Features

Additional Fees YN No Annual Rental Income 138000 Building Area Total 7523 Financial Year 2024 Fuel Expense 8000 Heating Propane Insurance Expense 14000 Listing Terms CashConventional Lot Size Area 1568160 Operating Expense 29000 Other Expense 1200 Property Condition Actual Property Sub Type Multi Family Sewer Septic Tank Special Listing Conditions None Tax Annual Amount 17257.98 Tax Source Municipality Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedTrash Collection PrivateWater Connected Water Source Well Zoning R1

Listing courtesy of Jonathon Z. Lee of Keller Williams Hudson Valley: 845-610-6065
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sheil Estate | Coldwell Banker Realty. Data last updated: 2025-05-18T07:19:04.8.
 
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Sheil Estate | Coldwell Banker Realty
338 Route 202
Somers NY, 10589