For Sale
$509,900

27 Carpenter Ave Middletown, NY 10940

Fully rented, high-return office building.

Overview

Added:
Feb 3
Days on market:
79
This exceptional investment property located at 27 Carpenter Avenue in Middletown, New York, presents a compelling opportunity for discerning investors. The building is currently 100% occupied, generating consistent rental income. One half of the building is leased to a single tenant under a long-term agreement, providing stability and predictable cash flow. The remaining half is comprised of five individual office spaces, each currently leased for $550 or more per month on full-service leases. These leases ensure a diversified tenant base and further enhance the property's income potential. Shared amenities for all tenants include a spacious kitchenette, a restroom, and a comfortable waiting area. The property's strong occupancy rate and established rental income stream make it an attractive investment with significant potential for future growth and appreciation. This is a turnkey operation, ideal for a passive investor seeking a reliable and profitable addition to their portfolio. Further details regarding the existing leases are available upon request. This is a rare opportunity to acquire a fully-leased, income-producing office building in a desirable location. Don't miss out on this exceptional investment opportunity.

Property Details for 27 Carpenter Ave

Property type
Office properties
Year Built
2008

Location Insight

City
Middletown
County
Orange
State
New York
Latitude
41.4464
Longitude
-74.39863

FAQs

What type of property is this?
Office property - Fully rented, high-return office building.
Where is the office property located?
The property is located at 27 Carpenter Ave Middletown, NY.
What is the asking price?
The asking price for this property is $509,900.
How can I contact the broker?
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27 Carpenter Ave
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