Unique opportunity to own a totally renovated 2 unit building in Middletown. The second floor has a residential tenant with a 3 year lease paying $2,000 per month. The first floor, which must be commercial use as per the town, is currently vacant (Available for rent) and would make a great office/retail space. There are several rooms that would make great office space, There is also a kitchen, a full bathroom, and a deck off the kitchen that will make a great spot for lunch/or meeting a client. The landlord will be putting in a driveway so there is off street parking for both tenants. The owner has installed a new high end heating system. Close to downtown Middletown.
25 Mill Street, Middletown, NY, 10940
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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