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- LoopNet Team
2213 MT Hope Rd
Middletown, NY 10940
Commercial+3 Unit 11.38% Cap 23% Cash on Cash · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Commercial + 3 Residential Units
- 22.67% Cash on Cash Return!!
- 3 Overhead Doors
- 20 Minutes off Rt. 17!!
- 11.38% Cap Rate
- Unfinished Attic to Further Expand
PROPERTY FACTS
ABOUT 2213 MT HOPE RD , MIDDLETOWN, NY 10940
5 Units | Mixed Use | 20 Minutes off Rt. 17!! 22.67% Cash on Cash Return!! Fantastic Opportunity to operate your business and collect rent from the 3 renovated apartments above!! The Commercial unit previously operated as an auto repair shop. There are currently 3 existing overhead doors with Infinite opportunity for the creative proprietor. The Residential units are newly renovated in beautiful condition. There is one spacious (2) Bedroom unit with potential to collect $1450/mo. The two (1) Bedroom apartments were also renovated and are in top notch condition. Potential rent comes to $1200/mo for each apartment. With the projected gross income calculated at $70,200 and the total expenses estimated at $24,800 the NOI comes to $45,500 totaling 11.38% cap rate!!
PROPERTY TAXES
| Parcel Number | 334489-014-000-0001-032.000-0000 | Improvements Assessment | $181,100 |
| Land Assessment | $32,100 | Total Assessment | $213,200 |
PROPERTY TAXES
