In real estate, opportunity has a feeling. It feels like walking through the front door of a five bedroom, three bathroom multi family duplex in Middletown, New York and instantly seeing not just what is there… but what could be. Sunlight filters across hardwood floors, creating warmth that tells a story of years gone by. The layout offers space and flexibility, ideal for an owner occupant who wants rental income to offset the mortgage, or for an investor seeking a value add property in the heart of Orange County NY. This is not just a duplex. It is a canvas. With a little vision and thoughtful updates, the possibilities begin to expand in your mind. Fresh paint. Updated kitchens. Modern lighting. Imagine enhancing what already exists and watching equity grow as you do. For the savvy buyer, this is where wealth building begins. Live in one unit and rent the other. Or fully rent both and create a steady income producing investment property in Middletown NY. Five bedrooms and three bathrooms provide generous space across two units, offering flexibility for long term tenants, multi generational living, or strong rental potential in a market that continues to see demand. Location matters. And this one delivers. Situated in Middletown NY, you are moments from Garnet Health Medical Center, Touro College of Osteopathic Medicine, and the vibrant downtown district filled with restaurants, shops, and year round events. Spend weekends exploring the trails at Highland Lakes State Park, skiing at Mount Peter, apple picking in Warwick, or shopping at Woodbury Common Premium Outlets. Commuting is seamless with easy access to Route 17 and I 84. The Middletown New York Metro North train station offers service to Hoboken with connecting access into New York City, making this property appealing to NYC commuters and investors alike. Manhattan is approximately 70 miles away, close enough for convenience yet far enough to enjoy space, value, and a slower pace of life. As you walk through, you may notice areas that need some TLC. Instead of seeing work, allow yourself to see upside. In a market where move in ready homes command top dollar, properties with improvement potential offer something even more powerful… margin. The ability to renovate strategically and create immediate value. If you have been waiting for a multi family investment property in Middletown NY that combines location, size, rental potential, and room for appreciation, this is the moment to lean in. Opportunity rarely announces itself loudly. Sometimes it quietly waits for the buyer who recognizes it.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,920 | $319,920 | $319,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.545% | 5.900% |
| Monthly Tax Payment | $669 | $669 | $669 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,918 | $1,996 | $2,635 |
| Total Monthly Payment | $2,662 | $2,740 | $3,379 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.