Multi Family 2-4 in Orange County
| MLS Number | 1046390 |
|---|---|
| Address | 30 Crescent Place, Middletown, NY 10940 show map |
| Price | $396,000 show mortgage calculator |
| Acres | 0.09297520661157 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | Maple Hill Elementary School |
| Jr High-Middle School | Middletown Twin Towers Middle Sch |
| High School | Middletown High School |
| Estimated Taxes | $5,039 |
| Total Apt Units | 2 |
| Total Bedrooms | 4 |
| # 2 Brs | 2 |
Investment Highlights & Key Advantages: 30 Crescent Place, Middletown, NY 10940 Exceptional Cash Flow & High Rental ROI: Configured as a legal, high-demand multi-family property, it commands strong aggregate market rents that deliver an outstanding capitalization rate and cash-on-cash return well above regional single-family averages. 100% Expense Coverage ("Free Living" or Positive Cash Flow): The dual-unit income easily covers the full PITI (principal, interest, property taxes, and insurance) alongside standard maintenance and utility reserves. For an investor, it generates immediate net passive income; for an owner-occupant (house-hacking), the secondary unit subsidizes the mortgage completely, allowing for virtually cost-free living. Strategic, Commuter-Friendly Location: Centrally situated in the heart of Middletown, offering immediate access to Route 17, Interstate 84, Garnet Health Medical Center, SUNY Orange, and Touro College of Osteopathic Medicine. It is also just minutes from the Metro-North commuter rail station and Coach USA bus routes to NYC. Low Vacancy Risk & Sustained Tenant Demand: Orange County’s expanding healthcare, logistics, and higher education sectors drive continuous, year-round rental demand, ensuring fast turnover and reliable occupancy. Built-in Long-Term Appreciation & Value-Add Potential: Multi-family properties in established Hudson Valley submarkets benefit from consistent capital appreciation, inflation-hedging rent growth, and attractive depreciation tax benefits.
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