22 Mud Mills RoadMiddletown, NY 10940Sale Price: $467,000

Investor Alert: Instant Equity & Endless Potential! Back on the market and priced below appraised value for a quick sale-this rare income-producing estate offers two houses and three total units on nearly 2 scenic acres. Once home to actor Robert Heitman, the property blends rich history, vintage charm, and incredible investment opportunity. The front house features two sun-drenched units, perfect for immediate or future rental income. The second home is a spacious 5-bedroom with wide wood plank floors, original character, and a cozy fireplace-ready for your creative vision. Whether you're an investor seeking strong upside or a developer with plans for a unique compound, this property delivers: Instant equity (appraised over asking!), multiple income streams, and flexible layout options for long- or short-term rentals. Masonic Creek flows peacefully behind the property, with remnants of the original gristmill still visible-adding to the tranquil and historic setting. The expansive outdoor space is ideal for future amenities like gardens, patios, or even a greenhouse. While the property needs repairs and updates, the value is already there-perfect for investors or those with vision. No flood insurance required!