Updated Multifamily Rental
1 Royal Acres Drive Middletown, NY 10940
1 Royal Acres Drive, Middletown, NY, 10940
$1,399,000
Pending
For Sale
$1,399,000
Pending
Seven updated rental buildings on 36 acres, offering a mix of yearly units and intermittently used Airbnb-style stays.
Lot Size36.00 Acres
Days on Market50
Property Features for 1 Royal Acres Drive
General Information
- Standard status
- Pending
- Lot size
- 36.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing agency
KELLER WILLIAMS HUDSON VALLEY
(845) 610-6065
Listed by
JONATHON Z. LEE
Source
Corcoran
Added: Jun 2 Updated: Jul 10 at 1:48PM Checked: Jul 21 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS HUDSON VALLEY
Investment Insights
Based on property information with market context.
This one-of-a-kind residential rental property consists of seven separate buildings on approximately 36 acres of land. All seven buildings have been updated, with some units still undergoing further renovations. The unit mix includes a main house of 2,152 square feet with at least 2–3 bedrooms, Unit 2 at 1,772 square feet with two bedrooms, and the remaining units configured as one-bedroom rentals.
Some units were used intermittently for Airbnb, while others have been rented out permanently as yearly rental units. The property also includes a pond and a large, old barn. The rear of the property provides additional land that can be utilized, and the surrounding area is described as single-family residential.
The property is grandfathered as a residential-commercial property and is located in the MiniSink School District. The seller notes the setting as quiet and desirable, with shopping and highways not far away. Based on the provided figures, annual income is listed at $322,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals from before. The asking price is noted as $1.3MM, with a cap rate around 7% as stated in the remarks.
Some units were used intermittently for Airbnb, while others have been rented out permanently as yearly rental units. The property also includes a pond and a large, old barn. The rear of the property provides additional land that can be utilized, and the surrounding area is described as single-family residential.
The property is grandfathered as a residential-commercial property and is located in the MiniSink School District. The seller notes the setting as quiet and desirable, with shopping and highways not far away. Based on the provided figures, annual income is listed at $322,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals from before. The asking price is noted as $1.3MM, with a cap rate around 7% as stated in the remarks.
Key Highlights
- 7‑building residential rental property on 36 acres in Mount Hope; all buildings have been updated, with some renovations still in progress
- Unit mix includes a 2,152 SF main house (at least 2–3 bedrooms), a 1,772 SF unit with 2 bedrooms, plus the remaining 1‑bedroom units
- Annual income reported as $322,000 based on yearly rentals; additional higher earnings noted from Airbnb use before
Property Analytics
Property Profile
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Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven updated rental buildings on 36 acres, offering a mix of yearly units and intermittently used Airbnb-style stays.
Where is this apartment building located?
The property is located at 1 Royal Acres Drive Middletown, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 7‑building residential rental property on 36 acres in Mount Hope; all buildings have been updated, with some renovations still in progress; Unit mix includes a 2,152 SF main house (at least 2–3 bedrooms), a 1,772 SF unit with 2 bedrooms, plus the remaining 1‑bedroom units; Annual income reported as $322,000 based on yearly rentals; additional higher earnings noted from Airbnb use before
