27 Carpenter Ave Middletown, NY 10940
- Investment properties
- 2,250 SF
- 0.43 lot acres
Current Use by Public Records
- Mercedes Law PC / Law Firm
- Life Credit Solutions INC / Consultant
- Adel-Co Ent. Inc. Real Estate / Real Estate Consultant
- Laser Hair Removal & Skincare / Laser Hair Removal Service / Skin Care Clinic
- Mercedes Law / Legal Services
Property Details for 27 Carpenter Ave
- Year built
- 2008
- Lot size
- 0.43 lot acres
- Property size
- 2,250 SF
- Zone code
- HC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 335200 74-10-2.1
- APU
- 335200741021
Description
This exceptional investment property located at 27 Carpenter Avenue in Middletown, New York, presents a compelling opportunity for discerning investors. The building is currently 100% occupied, generating consistent rental income. One half of the building is leased to a single tenant under a long-term agreement, providing stability and predictable cash flow. The remaining half is comprised of five individual office spaces, each currently leased for $550 or more per month on full-service leases. These leases ensure a diversified tenant base and further enhance the property's income potential. Shared amenities for all tenants include a spacious kitchenette, a restroom, and a comfortable waiting area. The property's strong occupancy rate and established rental income stream make it an attractive investment with significant potential for future growth and appreciation. This is a turnkey operation, ideal for a passive investor seeking a reliable and profitable addition to their portfolio. Further details regarding the existing leases are available upon request. This is a rare opportunity to acquire a fully-leased, income-producing office building in a desirable location. Don't miss out on this exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $520,000
- 7%
- $530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $545,000
- Mixed-Use
- $425,000
- Hospitality
- $495,000
- Educational
- $405,000
- Residential Income
- $460,000
- Energy
- $460,000
- Income-Based Land
- $500,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.3987
- Latitude
- 41.4463
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
