375 Goshen Turnpike, Middletown, NY, 10941 | $1,799,999

Step into history with this beautifully restored 1860 Farmhouse, potentially a 5-family income-producing gem. Completely renovated in December 2023, this farmhouse consists of four apartments that boast stunning millwork throughout and a harmonious blend of modern and classic finishes. Each unit offers high-end details such as luxurious composite flooring with butcher block countertops in the downstairs apartments, while the upstairs units feature granite and quartz countertops and tile flooring. Spanning 4, 112sf on over a half an acre, the property provides ample space and charm. Designed for maximum income potential, two units are set up for traditional rentals, while the other two are optimized for short-to mid-term stays, making it ideal for Airbnb or other rental platforms. All four units have fireplaces, walk-in closets in the primary bedrooms, gas stoves, refrigerators, washer/dryers. Dishwashers in the upstairs units only. Storage in basement for all tenants to use. Additional features include a Barn, approx. 2, 644sf with six garages that are all climate controlled, all income-producing. Above the barn is the 5th rental unit with loft ready for you to complete for the ability to get that additional income. Modern amenities include a security camera system and sprinkler system. For recreational purposes, there is a tennis court, pickle ball court, and playground across the street adding to its appeal for tenants and guests. In total, the property features 11 income-producing units. This is an incredible opportunity for investors or those seeking a blend of historic charm and modern functionality. Don’t miss the chance to own this versatile and profitable property! Ample parking! Centrally located, and close to major highways, endless shopping & restaurants, great wineries in the heart of the Hudson Valley. Municipal Water & Sewer! You will not be disappointed!

Features

  • Property Type: Multi Family
  • Construction: Wood Siding
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Water Connected
  • Parking: 7-car, Driveway, Garage, Garage Door Opener, Heated Garage, Off Street, Parking Lot, Storage
  • Levels: 2
  • Heating: ENERGY STAR Qualified Equipment, Forced Air
  • Cooling: Central Air
  • Units: 11
  • Year Built: 1850
  • Acreage: 0.65
  • Est. Taxes: $12,136
  • Lot Desc: Back Yard, Corner Lot, Front Yard, Landscaped, Level, Near Golf Course, Near Public Transit, Near School, Near Shops, Paved, See Remarks
  • School District: Pine Bush
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • MLS#: H801176
  • Days on Market: 16 days
  • Website: https://www.raveis.com
    /prop/H801176/375goshenturnpike_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 Curasi Realty, Inc.   Phone: 845-457-9174

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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
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375 Goshen Turnpike, Middletown, NY, 10941

$1,799,999

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,439,999 $1,439,999 $1,439,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment $1,011 $1,011 $1,011
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,518 $9,220 $12,249
Total Monthly Payment $9,654 $10,356 $13,385

* 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.