256 E Main Street, Middletown, NY, 10940 | $750,000

Nestled in the heart of Middletown, NY, this distinguished property offers an exceptional investment opportunity with a blend of residential charm and commercial viability. Situated at 256 E Main St, this detached multi-family gem boasts an impressive investment, perfectly accommodating a wide spectrum of living arrangements and lifestyles.

Beyond its generous living quarters, this property features a lucrative commercial space, presenting a unique opportunity for store income to complement the residential aspect. With its prime location in a bustling area of Middletown, this space promises high visibility and foot traffic, making it an ideal spot for a variety of retail or service-oriented businesses.

(For those with a vision to maximize space and increase potential income, there lies an upside through the additional studio or by adding it to the first floor apartment. Needs to be approved by city)

Each residential unit within this property has been thoughtfully designed to offer both comfort and functionality, ensuring tenants feel right at home. The spacious layout, combined with ample natural light, creates an inviting atmosphere that is hard to resist.

Furthermore, the strategic location of this property offers the dual benefits of both urban convenience and a sense of community. Situated within close proximity to a wealth of amenities, residents and commercial tenants alike will appreciate the easy access to shopping, dining, and recreational activities.

This property does not only represent a place to live or work; it embodies a versatile investment opportunity with boundless potential. Whether you are looking to expand your real estate portfolio, or simply own a piece of Middletown’s vibrant landscape, 256 E Main St stands as a compelling choice. Don’t miss your chance to make it yours.

Features

  • Bedrooms: 8
  • Baths: 5 full
  • Style: Quadruplex
  • Year Built: 1900
  • Heating: Natural Gas, Forced Air
  • Cooling: Wall/Window Unit(s)
  • Basement: Full
  • Acreage: 0.08
  • Est. Taxes: $10,379
  • Lot Desc: Corner Lot, Level
  • Elem. School: WILLIAM A CARTER SCHOOL
  • Middle School: Middletown Twin Towers Middle Sch
  • High School: Middletown High School
  • School District: Middletown
  • MLS#: H6326544
  • Days on Market: 29 days
  • Website: https://www.raveis.com
    /prop/H6326544/256emainstreet_middletown_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of eRealty Advisors, Inc   Phone: 914-712-6330

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

256 E Main Street, Middletown, NY, 10940

$750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $865 $865 $865
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,042 $3,988 $5,060
Total Monthly Payment $4,999 $4,945 $6,017

* 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.