40 Highland Avenue, MIDDLETOWN, NY 10940

Currently fully occupied with a rent roll of $55,800 and an NOI of $39,749 after taxes, water, sewer, common area electric and insurance the property returns a 13.6% CAP rate, or about 30% ROE after financing.Or buy the property and live in the top apartment and continue to rent the others. With a 3.5% down FHA mortgage you will collect well over $10,000 a year in positive cash flow after the expenses AND the mortgage is paid!This beautiful stretch of Highland Ave is surrounded by other gorgeous restored Victorian homes. Private parking lot in the back for all the tenants.