25 Mill St, Middletown, NY 10940
For Lease
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This exceptional investment opportunity presents a fully renovated, two-unit building situated at 25 Mill St, Middletown, NY. The property boasts a total of 1,872 square feet on a 0.12-acre lot. The second floor is currently occupied by a residential tenant under a three-year lease, generating a monthly rental income of $2,000. The first floor, designated for commercial use by the town, is currently vacant and readily available for lease. This space is ideally suited for office or retail use, featuring multiple rooms perfect for individual offices or a larger open plan. A full kitchen and bathroom add to the functionality, while a convenient deck provides an outdoor space for breaks or client meetings. To enhance tenant convenience, a new driveway is being installed, providing off-street parking for both units. Further enhancing the property's value is a recently installed high-end heating system, ensuring efficient and comfortable year-round operation. The building's prime location offers easy access to downtown Middletown, making it an attractive proposition for both tenants and investors. The asking price for this turnkey investment property is $499,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.