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$425,000   Price Analysis
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42981 State Route 28
Middletown, NY 12406
2 bed 5 bath 5,404 SqFt ($78/SqFt)
0.43 acre lot. Built 1970
Listed 2024-05-16
USDA Eligible
near Middletown, NY
 Restrictions may apply
due to home size

An incredible opportunity!

This 4 unit multi-family, on the Route 28 corridor leading into Margaretville, has a multitude of potential uses and configurations. Keep the existing 4 apartments (2 one bedrooms and 2 studios) or convert into two retail spaces, well-suited for a gallery, shop or salon.

The entire building, with its proximity to Margaretville Hospital, would be an ideal medical office, with existing reception area and multiple patient rooms. Central AC and heat, sprinkler system and many new upgrades. High ceilings throughout. Unique chance to have ne or two front-facing retail spaces, while living in or renting, the apartments in the rear of the building.


Presented by Douglas B Clarke at
COMPASS Greater NY LLC.


Property MLS #R1527129 from NYStateAlliance

Bedrooms: 2

Total Bathrooms: 5
Full Bathrooms: 4
1/2 Bathrooms: 1

CeilingFans
Storage
NaturalWoodwork
BedroomonMainLevel
Flooring: Hardwood, Tile, Varies
Window Features: ThermalWindows

ElectricWaterHeater

Cooling Features: HeatPump, CentralAir
Heating Features: HeatPump, Oil, ForcedAir
Heating: Yes

Basement Description: Full, WalkOutAccess

Patio
Patio And Porch Features: Patio

Lot Description: NearPublicTransit, Rectangular
Lot Size Acres: 0.43
Lot Size Dimensions: 87X182
Lot Size Square Feet: 18731

Garage Description: Gravel, ParkingAvailable
Parking Features: Gravel, ParkingAvailable

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: Margaretville
High School District: Margaretville
Middle or Junior School District: Margaretville

Margaretville Central School is a public elementary, middle and high school located approximately 1.4 miles away.
directions icon Map directions

Catskill Mountain Christian Academy is a private elementary, middle and high school located approximately 5 miles away.
directions icon Map directions

Number of Units In Community: 4
Number of Units: 4

Rent Includes: AllUtilities

Annual Tax Amount: 7743
Source Listing Status: Active
County: Delaware
Cross Street: Elm Street
Directions: From Main St., Margaretville, NY: Turn onto Bridge Street. Make a left onto NY-28. Travel 1.1 mi and the destination is on the left.
Source Property Type: Residential
Area: Middletown-124689
Source Neighborhood: Middletown-124689
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Owner Pays: AllUtilities
Parcel Number: 307.1-1-46
Postal City: Arkville
Zoning: Residential Multi Use
Zoning Description: Residential Multi Use
Property Subtype: MixedUse
Source System Name: C2C

Price Changed 2024-05-22
$425,000
NYStateAlliance
Listed 2024-05-16
$449,000
NYStateAlliance
Listed 2024-03-21
$449,000
OtsegoDelaware

Business Type: Mixed
Operating Expense Includes: WaterSewer

Total Square Feet Living: 5404
Year Built: 1970
Building Area Total: 5404
Construction Materials: Frame, PEXPlumbing
Foundation Details: Block
Levels: One
Property Age: 54
Property Condition: Resale
Roof: Flat, Membrane, Rubber
Levels or Stories: 1
Building Total Stories: 1
Year Built Details: Existing
Architectural Style: Fourplex

Accessibility Features: AccessibleBedroom, NoStairs

Sewer: Connected
CableAvailable
HighSpeedInternetAvailable
SewerConnected
WaterConnected
Water Source: Connected, Public
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.