1 Royal Acres Drive, Mount Hope, NY 10940

  • $1,300,000
  • $130,000
Active Actual
1 Royal Acres Drive, Mount Hope, NY 10940
  • $1,300,000
  • $130,000

Overview

Property ID: 839738
  • Multi Family, Commercial Sale
  • Property Type
  • 7523
  • Square Feet
  • 1945
  • Year Built

Description

One-of-a-kind 7-building residential rental property with 36 acres of land in the town of Mount Hope for sale. All 7 buildings have been updated, and some are still undergoing further renovations. Some of the units were used intermittently for Airbnb, while others have been rented out permanently as yearly rental units. The main house is 2,152 square feet with at least 2-3 bedrooms. Unit 2 is 1,772 square feet with 2 bedrooms. The remaining units are all 1-bedroom units. The annual income is $138,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals. There is a pond and a large, old barn on the property. The rear of the property offers plenty of land that can be utilized. The surrounding area consists of single-family residential properties. This property is grandfathered as a residential-commercial property. It is located in a quiet and desirable MiniSink School District, not far from shopping and highways.

Details

Updated on March 26, 2025 at 3:02 pm
  • Property ID: 839738
  • Price: $1,300,000
  • Property Size: 7523 Square Feet
  • Land Area: 36 Acres
  • Garage Size: x x
  • Year Built: 1945
  • Property Type: Multi Family, Commercial Sale
  • Property Status: Active

Mortgage Calculator

$8,401.99
Monthly
  • Down Payment $260,000.00
  • Loan Amount $1,040,000.00
  • Monthly Mortgage Payment $6,235.33
  • Property Tax $2,166.67
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Jerry Wang
  • Jerry Wang